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

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

Reed’s Price Performance

REED stock opened at $0.62 on Friday. The company has a market capitalization of $5.09 million, a PE ratio of -0.15 and a beta of 1.10. Reed’s has a 12 month low of $0.51 and a 12 month high of $2.42. The firm’s 50-day moving average is $1.16 and its 200 day moving average is $1.35.

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.