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

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

DAVIDsTEA Trading Up 1.3 %

Shares of NASDAQ DTEA opened at $0.40 on Friday. The stock has a market cap of $10.63 million, a price-to-earnings ratio of -1.33 and a beta of 2.66. The stock’s 50-day moving average is $0.29 and its 200 day moving average is $0.21. DAVIDsTEA has a 1-year low of $0.42 and a 1-year 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.