Long Island Iced Tea Corp. (NASDAQ:LTEA) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Saturday.

Long Island Iced Tea Corp. (NASDAQ:LTEA) traded up 4.26% during trading on Friday, hitting $4.16. The company had a trading volume of 109,503 shares. Long Island Iced Tea Corp. has a one year low of $3.54 and a one year high of $6.68. The stock has a 50-day moving average of $4.73 and a 200-day moving average of $4.52. The stock’s market capitalization is $34.87 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) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 21,653 shares of the company’s stock, valued at approximately $117,000. Virtu KCG Holdings LLC owned 0.26% of Long Island Iced Tea Corp. at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.63% 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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