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

Analysts at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Trading Up 14.1 %

NASDAQ:DTEA opened at $0.27 on Monday. DAVIDsTEA has a 1-year low of $0.42 and a 1-year high of $2.70. The firm has a market capitalization of $7.17 million, a price-to-earnings ratio of -0.90 and a beta of 2.66. The business’s fifty day moving average price is $0.25 and its 200 day moving average price is $0.19.

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.