Reed’s (OTCMKTS:REED) Stock Price Down 2.6% – Here’s Why

Shares of Reed’s, Inc. (OTCMKTS:REED) dropped 2.6% during trading on Tuesday . The stock traded as low as $1.21 and last traded at $1.35. Approximately 631 shares traded hands during trading, a decline of 88% from the average daily volume of 5,109 shares. The stock had previously closed at $1.39.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Reed’s in a research note on Tuesday, February 25th. They issued a “sell” rating for the company.

Reed’s Price Performance

The firm has a market capitalization of $11.08 million, a P/E ratio of -0.33 and a beta of 0.96. The stock’s 50 day moving average is $1.20 and its two-hundred day moving average is $1.09.

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.