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

Investment analysts at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the stock.

Reed’s Stock Performance

Shares of NYSE:REED opened at $0.61 on Wednesday. The firm has a market cap of $5.00 million, a price-to-earnings ratio of -0.15 and a beta of 0.90. The business has a 50-day simple moving average of $0.80 and a two-hundred day simple moving average of $1.17. Reed’s has a fifty-two week low of $0.51 and a fifty-two week high of $2.42.

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.