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

Stock analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the stock.

Reed’s Stock Performance

REED stock opened at $1.62 on Thursday. Reed’s has a one year low of $1.35 and a one year high of $3.75. The company’s fifty day moving average price is $1.72 and its 200-day moving average price is $2.12. The company has a market capitalization of $6.76 million, a PE 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.