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

Equities researchers at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Price Performance

DTEA stock opened at $0.26 on Thursday. The company has a 50 day simple moving average of $0.18 and a 200 day simple moving average of $0.19. The stock has a market cap of $6.91 million, a price-to-earnings ratio of -0.87 and a beta of 2.66. DAVIDsTEA has a 1 year low of $0.42 and a 1 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.