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

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

Reed’s Price Performance

Shares of Reed’s stock opened at $0.72 on Thursday. The company has a 50 day simple moving average of $1.23 and a two-hundred day simple moving average of $1.37. The firm has a market cap of $3.00 million, a PE ratio of -0.18 and a beta of 1.10. Reed’s has a 1 year low of $0.51 and a 1 year high of $2.42.

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.