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

Equities research analysts at StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

DAVIDsTEA Stock Down 9.8 %

Shares of DAVIDsTEA stock opened at $0.24 on Thursday. The business has a fifty day simple moving average of $0.19 and a 200-day simple moving average of $0.19. DAVIDsTEA has a fifty-two week low of $0.42 and a fifty-two week high of $2.70. The firm has a market cap of $6.28 million, a price-to-earnings ratio of -0.79 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.