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

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

DAVIDsTEA Stock Up 2.5 %

DAVIDsTEA stock opened at $0.57 on Wednesday. The firm has a 50-day moving average price of $0.67 and a two-hundred day moving average price of $0.43. DAVIDsTEA has a 52-week low of $0.42 and a 52-week high of $2.70. The firm has a market capitalization of $15.01 million, a price-to-earnings ratio of -1.88 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.