StockNews.com Begins Coverage on DAVIDsTEA (NASDAQ:DTEA)

StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Price Performance

Shares of DTEA stock opened at $0.27 on Tuesday. DAVIDsTEA has a 12 month low of $0.42 and a 12 month high of $2.70. The company’s fifty day simple moving average is $0.26 and its 200-day simple moving average is $0.19. The firm has a market cap of $7.13 million, a PE ratio of -0.90 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.