Shares of Long Island Iced Tea Corp. (NASDAQ:LTEA) reached a new 52-week low on Thursday . The stock traded as low as $3.38 and last traded at $3.40, with a volume of 25,499 shares changing hands. The stock had previously closed at $3.46.

Separately, ValuEngine raised Long Island Iced Tea Corp. from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.

The firm’s 50 day moving average is $4.08 and its 200-day moving average is $4.48. The firm’s market cap is $30.86 million.

A hedge fund recently bought a new stake in Long Island Iced Tea Corp. stock. Virtu KCG Holdings LLC acquired a new stake in Long Island Iced Tea Corp. (NASDAQ:LTEA) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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. as of its most recent SEC filing. Institutional investors and hedge funds own 1.08% of the company’s stock.

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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.

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