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

StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report published on Tuesday morning. The brokerage issued a hold rating on the stock.

DAVIDsTEA Stock Performance

Shares of NASDAQ DTEA opened at $0.32 on Tuesday. The company has a market cap of $8.50 million, a PE ratio of -1.07 and a beta of 2.66. The business has a 50-day simple moving average of $0.31 and a two-hundred day simple moving average of $0.35. DAVIDsTEA has a fifty-two week low of $0.42 and a fifty-two week high of $2.70.

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.