Reed’s (NYSE:REED) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Reed’s (NYSE:REED) in a report released on Tuesday morning. The brokerage issued a sell rating on the stock.

Reed’s Stock Performance

Shares of REED stock opened at $1.53 on Tuesday. The firm has a market cap of $12.53 million, a price-to-earnings ratio of -0.38 and a beta of 1.00. Reed’s has a 52 week low of $0.51 and a 52 week high of $2.42. The firm’s 50-day simple moving average is $0.98 and its two-hundred day simple moving average is $1.09.

Reed’s Company Profile

Reed's, Inc engages in the manufacture and distribution of natural beverages in the United States. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's Classic Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.