Long Island Iced Tea (LTEA) Reaches $5.60 After 7.00% Down Move; Cathay General Bancorp (CATY) Has 1.4 Sentiment

June 19, 2017 - By Nellie Frank

The stock of Long Island Iced Tea Corp (NASDAQ:LTEA) is a huge mover today! About 64,709 shares traded or 34.17% up from the average. Long Island Iced Tea Corp (NASDAQ:LTEA) has declined 41.63% since June 19, 2016 and is downtrending. It has underperformed by 58.33% the S&P500.The move comes after 9 months negative chart setup for the $46.95M company. It was reported on Jun, 19 by Barchart.com. We have $5.21 PT which if reached, will make NASDAQ:LTEA worth $3.29M less.

Cathay General Bancorp is a bank holding company. The company has market cap of $3.08 billion. The Firm holds Cathay Bank, a California state-chartered commercial bank ; seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc., and Asia Realty Corp. It has a 17.44 P/E ratio. The Firm also owns the common stock of five statutory business trusts created for issuing capital securities.

Long Island Iced Tea Corp. is a holding firm operating through its subsidiary, Long Island Brand Beverages, LLC . The company has market cap of $46.95 million. The Firm is engaged in the production and distribution of Non-Alcoholic Ready-to-Drink (NARTD) iced tea in the beverage industry. It currently has negative earnings. It is organized around its brand, Long Island Iced Tea.

About 91,244 shares traded. Cathay General Bancorp (CATY) has risen 23.23% since June 19, 2016 and is uptrending. It has outperformed by 6.53% the S&P500.

Since January 1, 0001, it had 0 buys, and 9 selling transactions for $11.58 million activity.

Analysts await Cathay General Bancorp (NASDAQ:CATY) to report earnings on July, 19. They expect $0.60 EPS, up 36.36% or $0.16 from last year’s $0.44 per share. CATY’s profit will be $47.63 million for 16.17 P/E if the $0.60 EPS becomes a reality. After $0.61 actual EPS reported by Cathay General Bancorp for the previous quarter, Wall Street now forecasts -1.64% negative EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: