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

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

Reed’s Trading Up 1.3 %

Shares of REED stock opened at $0.62 on Friday. The stock has a market capitalization of $5.09 million, a P/E ratio of -0.15 and a beta of 1.10. The firm’s 50 day moving average is $1.17 and its 200 day moving average is $1.36. Reed’s has a 12 month low of $0.51 and a 12 month high of $2.42.

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.