Reed’s (NYSE:REED) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com assumed coverage on shares of Reed’s (NYSE:REED) in a report released on Monday. The brokerage set a “sell” rating on the stock.

Reed’s Price Performance

Reed’s stock opened at $0.67 on Monday. The business has a 50-day simple moving average of $0.94 and a two-hundred day simple moving average of $1.25. The company has a market cap of $5.49 million, a P/E ratio of -0.17 and a beta of 0.96. Reed’s has a 52-week low of $0.51 and a 52-week 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.