Reed’s (NYSE:REED) Research Coverage Started at StockNews.com

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

Reed’s Trading Down 3.7 %

REED opened at $1.63 on Tuesday. Reed’s has a 1-year low of $1.35 and a 1-year high of $3.90. The stock has a market capitalization of $6.80 million, a price-to-earnings ratio of -0.30 and a beta of 1.14. The business has a 50 day moving average of $1.75 and a 200-day moving average of $2.24.

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 Mules; Reed's Hard Ginger Ale; Reed's ready to drink products; and Virgil's handcrafted sodas.