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

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

Reed’s Price Performance

REED opened at $1.31 on Monday. The stock has a 50-day moving average price of $0.92 and a 200-day moving average price of $1.09. The firm has a market cap of $10.75 million, a PE ratio of -0.32 and a beta of 1.00. Reed’s has a 1 year low of $0.51 and a 1 year high of $2.42.

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.