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

StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a research report sent to investors on Friday morning. The brokerage issued a sell rating on the stock.

Reed’s Stock Up 3.5 %

Shares of Reed’s stock opened at $1.12 on Friday. The firm has a market cap of $9.17 million, a price-to-earnings ratio of -0.28 and a beta of 0.90. Reed’s has a twelve month low of $0.51 and a twelve month high of $2.42. The business has a 50-day moving average price of $0.73 and a 200-day moving average price of $1.11.

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.