StockNews.com Begins Coverage on DAVIDsTEA (NASDAQ:DTEA)

Stock analysts at StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a note issued to investors on Sunday. The firm set a “hold” rating on the stock.

DAVIDsTEA Stock Down 7.0 %

NASDAQ:DTEA opened at $0.26 on Friday. The stock has a fifty day simple moving average of $0.23 and a 200 day simple moving average of $0.19. The firm has a market capitalization of $7.01 million, a price-to-earnings ratio of -0.88 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.