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

Equities researchers at StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Trading Down 0.1 %

Shares of NASDAQ DTEA opened at $0.74 on Friday. The stock has a fifty day moving average price of $0.63 and a 200 day moving average price of $0.36. The company has a market cap of $19.65 million, a P/E ratio of -2.46 and a beta of 2.66. DAVIDsTEA has a 12-month low of $0.42 and a 12-month 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.