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

StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report released on Wednesday morning. The firm issued a hold rating on the stock.

DAVIDsTEA Stock Performance

Shares of NASDAQ DTEA opened at $0.29 on Wednesday. The stock has a market cap of $7.70 million, a P/E ratio of -0.97 and a beta of 2.66. The firm has a 50 day moving average price of $0.30 and a 200 day moving average price of $0.34. DAVIDsTEA has a 52-week low of $0.42 and a 52-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.