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

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

Reed’s Stock Performance

Shares of NYSE REED opened at $1.89 on Friday. The firm has a market capitalization of $7.88 million, a price-to-earnings ratio of -0.37 and a beta of 1.14. The stock has a 50 day moving average price of $1.71 and a 200 day moving average price of $2.07. Reed’s has a 52-week low of $1.35 and a 52-week high of $3.75.

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