DAVIDsTEA (NASDAQ:DTEA) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

DAVIDsTEA Inc. (NASDAQ:DTEAGet Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.65 and traded as low as $0.6257. DAVIDsTEA shares last traded at $0.6258, with a volume of 10,112 shares trading hands.

DAVIDsTEA Stock Performance

The company has a market cap of $16.63 million, a price-to-earnings ratio of -2.09 and a beta of 2.66. The company’s 50 day moving average price is $0.65 and its 200 day moving average price is $0.70.

DAVIDsTEA Company Profile

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DAVIDsTEA is a specialty tea retailer and e-commerce company headquartered in Montreal, Quebec. Founded in 2008 by entrepreneur David Segal, the company has grown from a single flagship store into a network of brick-and-mortar boutiques across Canada and the United States, complemented by a robust online platform. DAVIDsTEA focuses on delivering an accessible, modern tea-drinking experience to a broad customer base, positioning itself as a lifestyle brand for tea enthusiasts and newcomers alike.

The company’s core product offerings consist of premium loose-leaf teas, tea sachets and ready-to-drink bottled beverages, alongside an assortment of proprietary blends.

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