Long Island Iced Tea Corp. (LTEA) Stock Rating Upgraded by ValuEngine

Long Island Iced Tea Corp. (NASDAQ:LTEA) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday, September 1st.

Shares of Long Island Iced Tea Corp. (NASDAQ:LTEA) traded down 7.47% on Friday, reaching $2.85. 79,755 shares of the company were exchanged. The company has a 50-day moving average price of $3.81 and a 200 day moving average price of $4.43. Long Island Iced Tea Corp. has a 1-year low of $2.85 and a 1-year high of $6.68. The stock’s market capitalization is $25.94 million.

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A hedge fund recently bought a new stake in Long Island Iced Tea Corp. stock. Virtu KCG Holdings LLC purchased a new position in Long Island Iced Tea Corp. (NASDAQ:LTEA) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,653 shares of the company’s stock, valued at approximately $117,000. Virtu KCG Holdings LLC owned approximately 0.26% of Long Island Iced Tea Corp. at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.08% of the company’s stock.

About Long Island Iced Tea Corp.

Long Island Iced Tea Corp. is a holding company operating through its subsidiary, Long Island Brand Beverages, LLC (LIBB). The Company is engaged in the production and distribution of Non-Alcoholic Ready-to-Drink (NARTD) iced tea in the beverage industry. It is organized around its brand, Long Island Iced Tea.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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