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

Research analysts at StockNews.com started coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued on Friday. The firm set a “hold” rating on the stock.

DAVIDsTEA Stock Up 4.5 %

NASDAQ:DTEA opened at $0.35 on Friday. The company has a market cap of $9.30 million, a P/E ratio of -1.17 and a beta of 2.66. DAVIDsTEA has a twelve month low of $0.42 and a twelve month high of $2.70. The business has a 50 day moving average price of $0.27 and a two-hundred day moving average price of $0.20.

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.