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

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

DAVIDsTEA Price Performance

Shares of DTEA opened at $0.51 on Tuesday. The firm has a market capitalization of $13.48 million, a PE ratio of -1.69 and a beta of 2.66. DAVIDsTEA has a 1-year low of $0.42 and a 1-year high of $2.70. The company’s fifty day moving average price is $0.53 and its 200-day moving average price is $0.51.

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.