Reed’s (NYSE:REED) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Reed’s (NYSE:REED) in a report issued on Tuesday. The brokerage set a “sell” rating on the stock.

Reed’s Trading Up 9.9 %

REED opened at $1.69 on Tuesday. The stock has a market cap of $7.06 million, a PE ratio of -0.31 and a beta of 1.14. The stock’s fifty day simple moving average is $1.76 and its 200 day simple moving average is $2.24. Reed’s has a 1-year low of $1.35 and a 1-year high of $3.90.

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