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

Stock analysts at StockNews.com started coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

Shares of NASDAQ DTEA opened at $0.82 on Tuesday. The stock has a market cap of $21.79 million, a price-to-earnings ratio of -2.73 and a beta of 2.66. The business has a 50 day simple moving average of $0.42 and a 200 day simple moving average of $0.28. DAVIDsTEA has a 52 week low of $0.42 and a 52 week high of $2.70.

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.