The stock of Long Island Iced Tea Corp (NASDAQ:LTEA) is a huge mover today! About 140,310 shares traded hands or 366.35% up from the average. Long Island Iced Tea Corp (NASDAQ:LTEA) has declined 53.70% since March 10, 2016 and is downtrending. It has underperformed by 61.22% the S&P500.
The move comes after 6 months positive chart setup for the $34.80 million company. It was reported on Oct, 13 by Barchart.com. We have $7.13 PT which if reached, will make NASDAQ:LTEA worth $12.53 million more.
Analysts await Long Island Iced Tea Corp (NASDAQ:LTEA) to report earnings on November, 15.
According to Zacks Investment Research, “Long Island Iced Tea Corp. produces non -alcoholic iced tea beverages. Long Island Iced Tea Corp. is based in Hicksville, New York.”
More notable recent Long Island Iced Tea Corp (NASDAQ:LTEA) news were published by: Newsday.com which released: “Long Island Iced Tea shares jump on deal with Food Lion” on October 13, 2016, also Finance.Yahoo.com with their article: “Long Island Iced Tea Corp. Expands Distribution Into Puerto Rico” published on September 21, 2016, Reuters.com published: “BRIEF-Long Island Iced Tea Corp. announces partnership with Sellethics Mar…” on September 15, 2016. More interesting news about Long Island Iced Tea Corp (NASDAQ:LTEA) were released by: Businesswire.com and their article: “Long Island Iced Tea Corp. Announces Closing of Public Offering, Uplisting to …” published on July 29, 2016 as well as Businesswire.com‘s news article titled: “Long Island Iced Tea® Becomes a Registered Trademark of Long Island Iced Tea Corp.” with publication date: May 10, 2016.
LTEA Company Profile
Long Island Iced Tea Corp. is a holding firm operating through its subsidiary, Long Island Brand Beverages, LLC (LIBB). The Firm 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. Long Island Iced Tea is sold primarily on the East Coast of the United States through a network of national and regional retail chains and distributors. The Firm produces brewed tea, using black tea leaves, purified water and natural cane sugar or sucralose. The Companyâ€™s Long Island Iced Tea’s flavors include lemon, peach, raspberry, guava, mango, diet lemon, diet peach, sweet tea, green tea and honey, and half tea and half lemonade. The Firm also offers lower calorie iced tea in over 12 ounce bottles. The lower calorie flavor options include mango, raspberry and peach. The Company’s products include All-Natural Tea, Diet Tea, Fruit-Flavored Tea, Organic Tea and Herbal Tea.
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