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

Analysts at StockNews.com initiated coverage on shares of Reed’s (NYSE:REED) in a report released on Thursday. The brokerage set a “sell” rating on the stock.

Reed’s Stock Down 12.2 %

Shares of NYSE:REED opened at $0.79 on Thursday. Reed’s has a 12 month low of $0.55 and a 12 month high of $2.42. The firm has a market cap of $3.31 million, a P/E ratio of -0.19 and a beta of 1.10. The company’s 50-day moving average price is $1.25 and its two-hundred day moving average price is $1.38.

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.