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

StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a research note issued on Thursday. The brokerage set a “sell” rating on the stock.

Reed’s Trading Up 3.2 %

REED opened at $1.62 on Thursday. The company’s fifty day moving average price is $1.72 and its two-hundred day moving average price is $2.12. Reed’s has a 1-year low of $1.35 and a 1-year high of $3.75. The company has a market cap of $6.76 million, a price-to-earnings ratio of -0.32 and a beta of 1.14.

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.