DAVIDsTEA (NASDAQ:DTEA) Share Price Passes Above Fifty Day Moving Average of $0.16

Shares of DAVIDsTEA Inc. (NASDAQ:DTEA) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.16 and traded as high as $0.23. DAVIDsTEA shares last traded at $0.22, with a volume of 7,045 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on DAVIDsTEA in a research report on Saturday. They set a “hold” rating on the stock.

DAVIDsTEA Trading Up 13.0 %

The firm has a market cap of $5.76 million, a P/E ratio of -0.72 and a beta of 2.66. The business has a 50-day moving average of $0.16 and a two-hundred day moving average of $0.27.

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.