Reed’s (NYSE:REED) Now Covered by StockNews.com

StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a report issued on Wednesday. The firm issued a sell rating on the stock.

Reed’s Price Performance

Shares of NYSE:REED opened at $0.61 on Wednesday. The firm has a 50 day simple moving average of $0.81 and a 200 day simple moving average of $1.17. The company has a market cap of $5.00 million, a price-to-earnings ratio of -0.15 and a beta of 0.90. Reed’s has a one year low of $0.51 and a one year high of $2.42.

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.