StockNews.com Initiates Coverage on Reed’s (NYSE:REED)

Equities researchers 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 Stock Performance

NYSE REED opened at $1.89 on Friday. The firm has a market cap of $7.88 million, a PE ratio of -0.37 and a beta of 1.14. Reed’s has a one year low of $1.35 and a one year high of $3.75. The firm’s fifty day moving average is $1.71 and its two-hundred day moving average is $2.07.

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