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

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

Reed’s Price Performance

REED stock opened at $1.20 on Friday. Reed’s has a twelve month low of $0.51 and a twelve month high of $2.42. The company has a market cap of $9.83 million, a P/E ratio of -0.30 and a beta of 0.90. The business has a fifty day moving average of $0.76 and a 200-day moving average of $1.11.

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.