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

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

Reed’s Price Performance

REED stock opened at $1.56 on Tuesday. 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 $12.77 million, a PE ratio of -0.38 and a beta of 1.00. The business has a 50 day simple moving average of $0.96 and a 200-day simple moving average of $1.09.

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.