Reed’s (NYSE:REED) Earns Sell Rating from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a report released on Friday. The brokerage set a “sell” rating on the stock.

Reed’s Trading Down 1.8 %

Shares of REED opened at $0.61 on Friday. Reed’s has a 12-month low of $0.51 and a 12-month high of $2.42. The company has a 50-day moving average of $1.18 and a two-hundred day moving average of $1.36. The stock has a market cap of $2.57 million, a P/E ratio of -0.15 and a beta of 1.10.

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.