DAVIDsTEA (NASDAQ:DTEA) Stock Crosses Above 50 Day Moving Average – What’s Next?

DAVIDsTEA Inc. (NASDAQ:DTEA)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.63 and traded as high as $0.77. DAVIDsTEA shares last traded at $0.74, with a volume of 2,904 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on DAVIDsTEA in a report on Saturday. They issued a “hold” rating for the company.

DAVIDsTEA Stock Up 2.8 %

The stock has a fifty day moving average of $0.63 and a 200-day moving average of $0.36. The firm has a market capitalization of $19.40 million, a P/E ratio of -2.43 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.