DAVIDsTEA (NASDAQ:DTEA) Receives New Coverage from Analysts at StockNews.com

StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research report released on Thursday. The firm issued a hold rating on the stock.

DAVIDsTEA Price Performance

NASDAQ DTEA remained flat at $0.27 on Thursday. 99,452 shares of the company’s stock traded hands, compared to its average volume of 43,487. The business has a 50-day moving average of $0.30 and a 200-day moving average of $0.34. The company has a market capitalization of $7.17 million, a P/E ratio of -0.90 and a beta of 2.66. DAVIDsTEA has a fifty-two week low of $0.42 and a fifty-two week 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.