StockNews.com Begins Coverage on Reed’s (NYSE:REED)

Equities research analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED) in a research note issued to investors on Tuesday. The firm set a “sell” rating on the stock.

Reed’s Stock Down 2.3 %

Shares of NYSE:REED opened at $0.63 on Tuesday. The firm has a market cap of $5.12 million, a P/E ratio of -0.15 and a beta of 0.96. Reed’s has a 12 month low of $0.51 and a 12 month high of $2.42. The company’s 50-day moving average price is $0.87 and its two-hundred day moving average price is $1.21.

About Reed’s

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.