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

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

DAVIDsTEA Trading Up 1.2 %

Shares of DAVIDsTEA stock opened at $0.61 on Thursday. The business’s fifty day simple moving average is $0.65 and its 200 day simple moving average is $0.45. DAVIDsTEA has a 12 month low of $0.42 and a 12 month high of $2.70. The firm has a market capitalization of $16.27 million, a P/E ratio of -2.04 and a beta of 2.66.

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.