StockNews.com Initiates Coverage on Reed’s (NYSE:REED)

Equities researchers at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a research report issued on Monday. The brokerage set a “sell” rating on the stock.

Reed’s Price Performance

Shares of Reed’s stock opened at $0.67 on Monday. The company’s fifty day simple moving average is $0.94 and its two-hundred day simple moving average is $1.25. Reed’s has a 12-month low of $0.51 and a 12-month high of $2.42. The firm has a market cap of $5.49 million, a PE ratio of -0.17 and a beta of 0.96.

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.