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

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

DAVIDsTEA Stock Performance

DTEA opened at $0.27 on Wednesday. The stock has a fifty day moving average of $0.27 and a 200-day moving average of $0.19. The company has a market capitalization of $7.13 million, a P/E 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.

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.