DAVIDsTEA (NASDAQ:DTEA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note published on Sunday morning. The firm issued a hold rating on the stock.

DAVIDsTEA Stock Down 10.5 %

DTEA opened at $0.26 on Friday. The firm has a market capitalization of $6.99 million, a P/E ratio of -0.88 and a beta of 2.66. The stock has a fifty day moving average of $0.24 and a 200-day moving average of $0.19. DAVIDsTEA has a 12-month low of $0.42 and a 12-month 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.