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

Analysts at StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report released on Monday. The firm set a “hold” rating on the stock.

DAVIDsTEA Stock Down 3.6 %

Shares of NASDAQ DTEA opened at $0.53 on Monday. DAVIDsTEA has a 52 week low of $0.42 and a 52 week high of $2.70. The firm’s fifty day moving average is $0.68 and its 200 day moving average is $0.40. The company has a market cap of $14.08 million, a price-to-earnings ratio of -1.77 and a beta of 2.66.

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.