Initiates Coverage on Reed’s (NYSE:REED)

Analysts at began coverage on shares of Reed’s (NYSE:REEDGet Rating) in a report issued on Friday. The firm set a “sell” rating on the stock.

Reed’s Stock Performance

Shares of REED stock opened at $0.10 on Friday. Reed’s has a 12 month low of $0.09 and a 12 month high of $0.48.

About Reed’s

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Reed's, Inc manufactures and distributes handcrafted natural beverages in the United States and internationally. The company offers Reed's craft ginger beer; Reed's real ginger ales; Reed's ready to drink products; Virgil's handcrafted sodas; and other ginger beverages under the Reed's brand.

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