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

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

Reed’s Price Performance

Shares of NYSE REED opened at $0.61 on Wednesday. The stock has a market capitalization of $5.00 million, a P/E ratio of -0.15 and a beta of 0.90. Reed’s has a one year low of $0.51 and a one year high of $2.42. The firm’s 50 day simple moving average is $0.81 and its two-hundred day simple moving average is $1.17.

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.