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

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

Reed’s Stock Up 5.8 %

Shares of NYSE REED opened at $1.31 on Monday. The firm’s 50-day moving average price is $0.92 and its 200-day moving average price is $1.09. The company has a market cap of $10.75 million, a PE ratio of -0.32 and a beta of 1.00. Reed’s has a 52-week low of $0.51 and a 52-week 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.