Reed’s (NYSE:REED) Now Covered by StockNews.com

StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a research report report published on Monday. The brokerage issued a sell rating on the stock.

Reed’s Price Performance

REED stock opened at $0.67 on Monday. The company’s 50-day moving average is $0.96 and its 200-day moving average is $1.26. The stock has a market capitalization of $5.49 million, a PE ratio of -0.17 and a beta of 0.96. Reed’s has a 1 year low of $0.51 and a 1 year high of $2.42.

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.