Reed’s (NYSE:REED) Now Covered by StockNews.com

Analysts at StockNews.com began coverage on shares of Reed’s (NYSE:REEDGet Free Report) in a research report issued to clients and investors on Wednesday. The firm set a “sell” rating on the stock.

Reed’s Price Performance

Shares of NYSE:REED opened at $1.58 on Wednesday. The firm has a market capitalization of $6.59 million, a PE ratio of -0.31 and a beta of 1.14. The business has a 50-day moving average of $1.74 and a two-hundred day moving average of $2.19. Reed’s has a 12 month low of $1.35 and a 12 month high of $3.75.

About Reed’s

(Get Free Report)

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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.

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