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

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

DAVIDsTEA Price Performance

Shares of NASDAQ DTEA opened at $0.62 on Thursday. The stock’s 50-day moving average is $0.64 and its two-hundred day moving average is $0.46. The company has a market cap of $16.37 million, a price-to-earnings ratio of -2.05 and a beta of 2.66. DAVIDsTEA has a 1-year low of $0.42 and a 1-year high of $2.70.

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.