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

Analysts at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

Shares of DTEA stock opened at $0.29 on Thursday. DAVIDsTEA has a 12-month low of $0.42 and a 12-month high of $2.70. The stock has a 50 day simple moving average of $0.27 and a 200-day simple moving average of $0.19. The company has a market cap of $7.80 million, a price-to-earnings ratio of -0.98 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.