DAVIDsTEA (NASDAQ:DTEA) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note published on Wednesday. The brokerage issued a hold rating on the stock.

DAVIDsTEA Stock Performance

Shares of DAVIDsTEA stock opened at $0.28 on Wednesday. The company has a market capitalization of $7.52 million, a PE ratio of -0.94 and a beta of 2.66. DAVIDsTEA has a 12 month low of $0.42 and a 12 month high of $2.70. The stock’s fifty day simple moving average is $0.31 and its 200 day simple moving average is $0.35.

About DAVIDsTEA

DAVIDsTEA, Inc operates as a beverage company. It offers a selection of loose-leaf teas, pre packaged teas, tea sachets, and tea-related gifts, food, and accessories through its stores. The firm operates through the Canada and U.S. segments. The company was founded by Herschel H. Segal and David Segal on April 29, 2008 and is headquartered in Mount-Royal, Canada.