DAVIDsTEA (NASDAQ:DTEA) Shares Pass Below 50-Day Moving Average – Time to Sell?

DAVIDsTEA Inc. (NASDAQ:DTEA)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.53 and traded as low as $0.51. DAVIDsTEA shares last traded at $0.51, with a volume of 6,040 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of DAVIDsTEA in a research note on Wednesday. They set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

The company’s fifty day simple moving average is $0.53 and its two-hundred day simple moving average is $0.52. The company has a market capitalization of $13.66 million, a price-to-earnings ratio of -1.71 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.