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

Investment analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a research report issued on Wednesday. The firm set a “sell” rating on the stock.

Reed’s Trading Down 6.7 %

REED stock opened at $0.62 on Wednesday. The business’s 50 day simple moving average is $0.82 and its 200 day simple moving average is $1.18. Reed’s has a 1-year low of $0.51 and a 1-year high of $2.42. The firm has a market capitalization of $5.09 million, a PE ratio of -0.15 and a beta of 0.90.

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.