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

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

Reed’s Stock Up 9.5 %

REED stock opened at $0.87 on Thursday. The business has a 50-day simple moving average of $1.24 and a 200 day simple moving average of $1.38. Reed’s has a 52 week low of $0.51 and a 52 week high of $2.42. The company has a market cap of $3.62 million, a PE ratio of -0.21 and a beta of 1.10.

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.