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

Separately, ValuEngine upgraded shares of Long Island Iced Tea Corp. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 12th.

The stock has a 50-day moving average of $4.03 and a 200 day moving average of $4.46. The stock’s market cap is $30.76 million.

A hedge fund recently bought a new stake 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 2nd quarter, according to the company in its most recent 13F 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. as of its most recent filing with the SEC. 1.08% of the stock is owned by hedge funds and other institutional investors.

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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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