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

Equities research analysts at StockNews.com started coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Price Performance

Shares of DAVIDsTEA stock opened at $0.28 on Wednesday. DAVIDsTEA has a 1 year low of $0.42 and a 1 year high of $2.70. The firm’s 50-day moving average is $0.17 and its two-hundred day moving average is $0.19. The stock has a market cap of $7.56 million, a price-to-earnings ratio of -0.95 and a beta of 2.66.

About DAVIDsTEA

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.