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

Research analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED) in a report issued on Friday. The firm set a “sell” rating on the stock.

Reed’s Price Performance

Shares of Reed’s stock opened at $1.08 on Friday. Reed’s has a one year low of $0.51 and a one year high of $2.42. The business’s 50 day simple moving average is $0.73 and its two-hundred day simple moving average is $1.12. The stock has a market capitalization of $8.86 million, a P/E ratio of -0.27 and a beta of 0.90.

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.