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

Research analysts at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

DAVIDsTEA Price Performance

DAVIDsTEA stock opened at $0.28 on Wednesday. The firm’s 50 day simple moving average is $0.31 and its 200-day simple moving average is $0.34. DAVIDsTEA has a fifty-two week low of $0.42 and a fifty-two week high of $2.70. The company has a market cap of $7.52 million, a P/E ratio of -0.94 and a beta of 2.66.

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.