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

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

Reed’s Stock Down 17.1 %

Reed’s stock opened at $0.72 on Thursday. The company’s 50-day moving average price is $1.23 and its 200-day moving average price is $1.37. The company has a market cap of $3.01 million, a PE ratio of -0.18 and a beta of 1.10. Reed’s has a twelve month low of $0.51 and a twelve 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.