Reed’s (OTCMKTS:REED) Shares Down 2.6% – Should You Sell?

Reed’s, Inc. (OTCMKTS:REED) shares dropped 2.6% during mid-day trading on Tuesday . The stock traded as low as $1.21 and last traded at $1.35. Approximately 631 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 5,109 shares. The stock had previously closed at $1.39.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Reed’s in a research note on Tuesday, February 25th. They set a “sell” rating for the company.

Reed’s Price Performance

The company has a market capitalization of $11.08 million, a P/E ratio of -0.33 and a beta of 0.96. The stock has a 50-day moving average price of $1.20 and a 200-day moving average price of $1.09.

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