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

Research analysts at StockNews.com began coverage on shares of Reed’s (NYSE:REED – Get Rating) in a research note issued to investors on Sunday. The brokerage set a “sell” rating on the stock.

Reed’s Stock Performance

Shares of REED opened at $3.25 on Friday. The firm’s 50-day moving average is $3.66. Reed’s has a twelve month low of $2.41 and a twelve month high of $14.96. The company has a market capitalization of $8.46 million, a PE ratio of -0.36 and a beta of 1.61.

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About Reed’s

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Reed’s, Inc engages in the manufacture and distribution of carbonated and non-carbonated beverages. Its product lines include Reed’s Ginger Brews, Virgil’s Root Beer, and Flying Caldron Butterscotch Beer. The company was founded by Christopher J. Reed in June 1987 and is headquartered in Norwalk, CT.

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