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

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

Reed’s Stock Performance

Shares of NYSE REED opened at $0.65 on Friday. Reed’s has a fifty-two week low of $0.51 and a fifty-two week high of $2.42. The company has a market cap of $5.32 million, a PE ratio of -0.16 and a beta of 0.96. The business has a 50-day simple moving average of $1.00 and a two-hundred day simple moving average of $1.28.

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.