Long Island Iced Tea Corp. (LTEA) Lowered to “Strong Sell” at ValuEngine

Long Island Iced Tea Corp. (NASDAQ:LTEA) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

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Long Island Iced Tea Corp. (LTEA) opened at 3.93 on Tuesday. The firm’s market cap is $35.77 million. The firm’s 50-day moving average price is $4.50 and its 200 day moving average price is $4.52. Long Island Iced Tea Corp. has a 12-month low of $3.54 and a 12-month high of $6.68.

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An institutional investor recently bought a new position in Long Island Iced Tea Corp. stock. Virtu KCG Holdings LLC purchased a new stake in shares of Long Island Iced Tea Corp. (NASDAQ:LTEA) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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. Institutional investors own 0.80% of the company’s stock.

Long Island Iced Tea Corp. Company Profile

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.