Reed’s (NYSE:REED) Earns Sell Rating from Analysts at StockNews.com

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

Reed’s Price Performance

Shares of NYSE REED opened at $0.72 on Thursday. Reed’s has a 1 year low of $0.51 and a 1 year high of $2.42. The firm has a 50-day simple moving average of $1.23 and a two-hundred day simple moving average of $1.37. The company has a market cap of $3.01 million, a P/E ratio of -0.18 and a beta of 1.10.

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.