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

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

Reed’s Stock Performance

Shares of Reed’s 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 firm has a market capitalization of $9.82 million, a PE ratio of -0.30 and a beta of 0.90. The firm’s 50-day moving average price is $0.76 and its 200 day moving average price is $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.