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

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

DAVIDsTEA Price Performance

DAVIDsTEA stock opened at $0.80 on Wednesday. The stock has a market cap of $21.23 million, a price-to-earnings ratio of -2.66 and a beta of 2.66. The firm has a 50-day moving average of $0.47 and a two-hundred day moving average of $0.29. 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.