DAVIDsTEA (NASDAQ:DTEA) Stock Price Down 4.3%

Shares of DAVIDsTEA Inc. (NASDAQ:DTEA) traded down 4.3% on Thursday . The company traded as low as $2.65 and last traded at $2.68. 210,066 shares changed hands during trading, a decline of 45% from the average session volume of 383,691 shares. The stock had previously closed at $2.80.

The business has a fifty day simple moving average of $3.62 and a two-hundred day simple moving average of $3.78. The stock has a market cap of $68.27 million, a PE ratio of -13.00 and a beta of 3.18.

DAVIDsTEA (NASDAQ:DTEA) last posted its earnings results on Tuesday, June 15th. The company reported $0.04 earnings per share for the quarter. The firm had revenue of $18.47 million for the quarter. DAVIDsTEA had a negative return on equity of 30.35% and a negative net margin of 6.70%.

Hedge funds have recently added to or reduced their stakes in the stock. First National Trust Co bought a new position in DAVIDsTEA in the 1st quarter valued at approximately $75,000. Accretive Wealth Partners LLC bought a new position in DAVIDsTEA in the 2nd quarter valued at approximately $116,000. Finally, Sigma Planning Corp bought a new position in DAVIDsTEA in the 1st quarter valued at approximately $51,000. 1.89% of the stock is currently owned by institutional investors and hedge funds.

About DAVIDsTEA (NASDAQ:DTEA)

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 company was founded by Herschel H. Segal and David Segal on April 29, 2008 and is headquartered in Mount-Royal, Canada.

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