Reed’s (NYSE:REED) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a research note published on Wednesday morning. The brokerage issued a sell rating on the stock.

Reed’s Stock Up 1.7 %

REED stock opened at $1.61 on Wednesday. The business has a 50 day moving average price of $1.74 and a 200 day moving average price of $2.18. The stock has a market cap of $6.70 million, a price-to-earnings ratio of -0.32 and a beta of 1.14. Reed’s has a fifty-two week low of $1.35 and a fifty-two week high of $3.75.

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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.