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

Research analysts at StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report released on Saturday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

Shares of DTEA stock opened at $0.39 on Friday. The company has a market capitalization of $10.49 million, a P/E ratio of -1.32 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. The stock has a 50 day moving average price of $0.29 and a two-hundred day moving average price of $0.21.

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.