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

Stock analysts at StockNews.com began coverage on shares of Reed’s (NYSE:REED) in a note issued to investors on Saturday. The brokerage set a “sell” rating on the stock.

Reed’s Price Performance

Shares of NYSE REED opened at $0.62 on Friday. The stock has a market capitalization of $5.08 million, a P/E ratio of -0.15 and a beta of 0.96. Reed’s has a 1 year low of $0.51 and a 1 year high of $2.42. The company has a 50-day moving average price of $1.09 and a 200-day moving average price of $1.32.

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.