StockNews.com Initiates Coverage on DAVIDsTEA (NASDAQ:DTEA)

Stock analysts at StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Price Performance

DTEA stock opened at $0.25 on Wednesday. DAVIDsTEA has a 1-year low of $0.42 and a 1-year high of $2.70. The business has a 50 day simple moving average of $0.27 and a two-hundred day simple moving average of $0.19. The company has a market capitalization of $6.55 million, a price-to-earnings ratio of -0.82 and a beta of 2.66.

DAVIDsTEA Company Profile

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.