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

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

DAVIDsTEA Stock Performance

DTEA opened at $0.68 on Friday. The stock’s 50 day moving average price is $0.58 and its 200-day moving average price is $0.34. DAVIDsTEA has a one year low of $0.42 and a one year high of $2.70. The stock has a market cap of $18.20 million, a price-to-earnings ratio of -2.28 and a beta of 2.66.

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.