DAVIDsTEA (NASDAQ:DTEA) Now Covered by StockNews.com

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

DAVIDsTEA Stock Up 2.0 %

DTEA opened at $0.61 on Friday. The firm has a 50-day moving average price of $0.67 and a 200-day moving average price of $0.39. DAVIDsTEA has a twelve month low of $0.42 and a twelve month high of $2.70. The company has a market capitalization of $16.26 million, a price-to-earnings ratio of -2.04 and a beta of 2.66.

About DAVIDsTEA

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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.

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