DavidsTea (NASDAQ:DTEA) Stock Passes Above 50 Day Moving Average of $1.04

Shares of DavidsTea Inc (NASDAQ:DTEA) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $1.04 and traded as high as $1.17. DavidsTea shares last traded at $1.13, with a volume of 80,352 shares traded.

The company’s 50-day moving average price is $1.04 and its 200-day moving average price is $0.90. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.85 and a quick ratio of 0.57. The company has a market cap of $29.62 million, a P/E ratio of -0.67 and a beta of 2.83.

DavidsTea (NASDAQ:DTEA) last issued its quarterly earnings data on Friday, July 31st. The company reported ($0.16) earnings per share (EPS) for the quarter. DavidsTea had a negative return on equity of 474.13% and a negative net margin of 34.99%. The company had revenue of $23.26 million for the quarter.

A hedge fund recently bought a new stake in DavidsTea stock. Vivaldi Capital Management LLC bought a new stake in DavidsTea Inc (NASDAQ:DTEA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 81,500 shares of the company’s stock, valued at approximately $74,000. Vivaldi Capital Management LLC owned approximately 0.31% of DavidsTea at the end of the most recent quarter. Institutional investors and hedge funds own 2.50% of the company’s stock.

About DavidsTea (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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