DavidsTea (NASDAQ:DTEA) Sees Strong Trading Volume

DavidsTea Inc (NASDAQ:DTEA) shares saw an uptick in trading volume on Thursday . 821,124 shares were traded during mid-day trading, an increase of 272% from the previous session’s volume of 220,491 shares.The stock last traded at $1.70 and had previously closed at $1.58.

Separately, ValuEngine raised shares of DavidsTea from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

The business’s 50-day simple moving average is $1.47 and its two-hundred day simple moving average is $1.37.

DavidsTea (NASDAQ:DTEA) last posted its quarterly earnings data on Tuesday, June 18th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $33.24 million during the quarter. DavidsTea had a negative net margin of 17.25% and a negative return on equity of 13.24%.

DavidsTea Company Profile (NASDAQ:DTEA)

DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. The company offers approximately 135 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, and accessories; and food, as well as tea beverages, such as hot or iced tea, and tea lattes. It provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories.

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