Home / Street Sector / Stocks Tumbling to New Lows: Long Island Iced Tea (NASDAQ:LTEA), Gray Television, Inc. (NYSE:GTN)

Stocks Tumbling to New Lows: Long Island Iced Tea (NASDAQ:LTEA), Gray Television, Inc. (NYSE:GTN)

Several matter pinch shares of Long Island Iced Tea Corp. (NASDAQ:LTEA) [Trend Analysis], as shares surging 2.24% to $5.01 with a share volume of 7305. Long Island Iced Tea Corp. (NASDAQ:LTEA) reported that a new alliance with Vaquería Tres Monjitas to distribute its beverages in Puerto Rico. The Firm is committed to expanding its distribution across new geographies and this is its first distribution contract in Puerto Rico.

Philip Thomas, Chief Executive Officer of the Firm, stated, “We are excited to build this alliance with Tres Monjitas and bring Long Island Iced Tea to Puerto Rico, a great market where we believe our quality ingredients at an affordable price will resonate with consumers. Tres Monjitas has a long history of being one of the premier beverage distributors in Puerto Rico, and we are thrilled to be joining its family of high quality beverage brands. Expanding into Puerto Rico is a natural progression in our global outlook, and compliments distribution positions we have already established in Canada and Korea.” The stock is going forward its 52-week low with 5.47% and moving down from its 52-week high price with -15.80%. To have technical analysis views, liquidity ratio of a firm was calculated 0.70. The float short ratio was 0.49%, as compared to sentiment indicator; Short Ratio was 0.71.

Gray Television, Inc. (NYSE:GTN) [Trend Analysis] luring active investment momentum, shares an raise 0.30% to $10.03. The total volume of 2.13 Million shares held in the session was surprisingly higher than its average volume of 850.75 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -30.80%, and looking additional price to next year’s EPS is -53.60%. While take a short look on price to sales ratio, that was 1.04 and price to earning ratio of 15.08 attracting passive investors.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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