DAVIDsTEA (NASDAQ:DTEA) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

DAVIDsTEA Inc. (NASDAQ:DTEAGet Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $0.63 and traded as high as $0.77. DAVIDsTEA shares last traded at $0.74, with a volume of 2,904 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on DAVIDsTEA in a research note on Saturday. They issued a “hold” rating on the stock.

Read Our Latest Stock Analysis on DTEA

DAVIDsTEA Stock Performance

The company has a market capitalization of $19.65 million, a P/E ratio of -2.46 and a beta of 2.66. The stock’s 50 day moving average price is $0.63 and its 200 day moving average price is $0.36.

About DAVIDsTEA

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for DAVIDsTEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DAVIDsTEA and related companies with MarketBeat.com's FREE daily email newsletter.