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

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

Reed’s Price Performance

Shares of NYSE:REED opened at $1.08 on Wednesday. The company has a 50 day moving average of $1.27 and a 200-day moving average of $1.39. Reed’s has a one year low of $0.59 and a one year high of $3.00. The stock has a market cap of $4.52 million, a price-to-earnings ratio of -0.27 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.