StockNews.com initiated coverage on shares of Reed’s (NYSE:REED – Free Report) in a research report report published on Wednesday morning. The firm issued a sell rating on the stock.
Reed’s Stock Performance
REED opened at $0.72 on Wednesday. The company has a 50-day moving average of $0.80 and a 200-day moving average of $1.17. The company has a market capitalization of $5.91 million, a P/E ratio of -0.18 and a beta of 0.90. Reed’s has a 1-year low of $0.51 and a 1-year high of $2.42.
About Reed’s
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