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

Research analysts at StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

DAVIDsTEA Trading Down 2.7 %

Shares of DTEA stock opened at $0.55 on Wednesday. DAVIDsTEA has a 1 year low of $0.42 and a 1 year high of $2.70. The firm’s 50 day moving average is $0.66 and its 200-day moving average is $0.44. The firm has a market capitalization of $14.60 million, a price-to-earnings ratio of -1.83 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.