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

Equities researchers at StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

DAVIDsTEA stock opened at $0.33 on Friday. The firm has a market cap of $8.64 million, a price-to-earnings ratio of -1.08 and a beta of 2.66. DAVIDsTEA has a 1 year low of $0.42 and a 1 year high of $2.70. The firm’s 50 day moving average price is $0.27 and its two-hundred day moving average price is $0.20.

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.