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

Stock analysts at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

DAVIDsTEA stock opened at $0.61 on Friday. DAVIDsTEA has a fifty-two week low of $0.42 and a fifty-two week high of $2.70. The firm’s 50-day simple moving average is $0.67 and its 200 day simple moving average is $0.39. The stock has a market cap of $16.26 million, a PE ratio of -2.04 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.