DAVIDsTEA Inc. (NASDAQ:DTEA – Get Free Report) shares rose 2.9% during mid-day trading on Friday. The stock traded as high as $0.85 and last traded at $0.8083. 14,949 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 43,487 shares. The stock had previously closed at $0.7857.
DAVIDsTEA Stock Performance
The company has a 50-day moving average of $0.76 and a 200-day moving average of $0.67. The firm has a market capitalization of $21.48 million, a price-to-earnings ratio of -2.69 and a beta of 2.66.
About DAVIDsTEA
DAVIDsTEA is a Canadian specialty tea retailer that sells loose-leaf teas, tea blends, tea bags, and related products such as teaware and accessories. Its offerings include traditional teas, herbal infusions, and flavored blends. Founded in 2008, the company built its business through retail stores and online sales. Following a restructuring in 2020, DAVIDsTEA shifted its focus toward e-commerce and wholesale while continuing to serve customers through select retail locations. Based in Montreal, DAVIDsTEA serves customers primarily in Canada and the United States through its sales channels.
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