DAVIDsTEA (NASDAQ:DTEA) Shares Cross Below 50 Day Moving Average – Here’s Why

DAVIDsTEA Inc. (NASDAQ:DTEA) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.69 and traded as low as $0.49. DAVIDsTEA shares last traded at $0.62, with a volume of 3,641 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on DAVIDsTEA in a research report on Tuesday. They issued a “hold” rating for the company.

DAVIDsTEA Stock Up 26.4 %

The stock has a market capitalization of $16.47 million, a price-to-earnings ratio of -2.07 and a beta of 2.66. The business has a 50-day simple moving average of $0.69 and a two-hundred day simple moving average of $0.42.

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.