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 Thursday. The firm set a “sell” rating on the stock.

Reed’s Stock Down 17.1 %

REED stock opened at $0.72 on Thursday. The stock has a market capitalization of $3.01 million, a PE ratio of -0.18 and a beta of 1.10. Reed’s has a 52 week low of $0.51 and a 52 week high of $2.42. The firm has a 50 day moving average of $1.23 and a 200 day moving average of $1.37.

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.