Long Island Iced Tea Corp (NASDAQ:LTEA)’s share price gapped down before the market opened on Monday . The stock had previously closed at $8.24, but opened at $6.91. Long Island Iced Tea shares last traded at $6.01, with a volume of 2233400 shares.

Separately, ValuEngine raised shares of Long Island Iced Tea from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.10 and a quick ratio of 0.63. The stock has a market capitalization of $46.83, a P/E ratio of -2.93 and a beta of -53.84.

An institutional investor recently bought a new position in Long Island Iced Tea stock. Virtu KCG Holdings LLC acquired a new stake in Long Island Iced Tea Corp (NASDAQ:LTEA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent reporting period. 1.75% of the stock is owned by institutional investors and hedge funds.

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Long Island Iced Tea 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.

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