DAVIDsTEA (NASDAQ:DTEA) Shares Pass Below 50-Day Moving Average – What’s Next?

DAVIDsTEA Inc. (NASDAQ:DTEA)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.69 and traded as low as $0.49. DAVIDsTEA shares last traded at $0.62, with a volume of 3,641 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on DAVIDsTEA in a research report on Tuesday. They set a “hold” rating for the company.

DAVIDsTEA Price Performance

The firm has a market cap of $14.61 million, a P/E ratio of -1.83 and a beta of 2.66. The firm’s 50-day simple moving average is $0.69 and its 200 day simple moving average is $0.42.

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.