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

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

DAVIDsTEA Stock Performance

Shares of DAVIDsTEA stock opened at $0.76 on Monday. The company has a market cap of $20.19 million, a P/E ratio of -2.53 and a beta of 2.66. The firm has a fifty day moving average of $0.35 and a two-hundred day moving average of $0.24. DAVIDsTEA has a one year low of $0.42 and a one year high of $2.70.

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.