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

StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research report released on Tuesday morning. The brokerage issued a hold rating on the stock.

DAVIDsTEA Stock Performance

DAVIDsTEA stock opened at $0.27 on Tuesday. The stock’s 50 day simple moving average is $0.26 and its two-hundred day simple moving average is $0.19. The stock has a market cap of $7.13 million, a price-to-earnings 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.