Reed’s (NYSE:REED) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a research note published on Saturday morning. The firm issued a sell rating on the stock.

Reed’s Stock Performance

Shares of NYSE REED opened at $1.17 on Friday. Reed’s has a fifty-two week low of $0.51 and a fifty-two week high of $2.42. The stock’s 50-day simple moving average is $0.77 and its 200-day simple moving average is $1.10. The firm has a market capitalization of $9.60 million, a PE ratio of -0.29 and a beta of 0.99.

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