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

Stock analysts at StockNews.com started 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 Price Performance

Shares of DTEA stock opened at $0.13 on Friday. DAVIDsTEA has a twelve month low of $0.42 and a twelve month high of $2.70. The stock’s fifty day simple moving average is $0.15 and its 200 day simple moving average is $0.21. The firm has a market capitalization of $3.40 million, a P/E ratio of -0.43 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.