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

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

DAVIDsTEA Stock Down 6.0 %

Shares of NASDAQ:DTEA opened at $0.24 on Friday. The stock has a market capitalization of $6.39 million, a P/E ratio of -0.80 and a beta of 2.66. The firm has a fifty day simple moving average of $0.21 and a two-hundred day simple moving average of $0.19. DAVIDsTEA has a 52 week low of $0.42 and a 52 week high of $2.70.

DAVIDsTEA Company Profile

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.