DAVIDsTEA (NASDAQ:DTEA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note published on Wednesday morning. The firm issued a hold rating on the stock.

DAVIDsTEA Stock Up 2.5 %

Shares of DAVIDsTEA stock opened at $0.29 on Wednesday. The company has a market capitalization of $7.70 million, a price-to-earnings ratio of -0.97 and a beta of 2.66. DAVIDsTEA has a 12-month low of $0.42 and a 12-month high of $2.70. The firm’s 50-day moving average price is $0.30 and its two-hundred day moving average price is $0.34.

DAVIDsTEA Company Profile

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.