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

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

Reed’s Stock Up 10.5 %

Shares of NYSE REED opened at $0.90 on Thursday. Reed’s has a twelve month low of $0.51 and a twelve month high of $2.42. The stock has a market cap of $7.33 million, a price-to-earnings ratio of -0.22 and a beta of 0.90. The company’s fifty day moving average is $0.76 and its 200-day moving average is $1.14.

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.