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

Research analysts at StockNews.com started coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Trading Up 26.4 %

Shares of NASDAQ:DTEA opened at $0.62 on Tuesday. The company has a market capitalization of $16.47 million, a PE ratio of -2.07 and a beta of 2.66. DAVIDsTEA has a 12-month low of $0.42 and a 12-month high of $2.70. The business’s fifty day simple moving average is $0.69 and its 200-day simple moving average is $0.42.

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.