DAVIDsTEA (NASDAQ:DTEA) Stock Passes Above Fifty Day Moving Average – Here’s Why

DAVIDsTEA Inc. (NASDAQ:DTEAGet Free Report)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.67 and traded as high as $0.71. DAVIDsTEA shares last traded at $0.71, with a volume of 220 shares traded.

DAVIDsTEA Trading Down 6.9%

The business has a 50-day moving average of $0.67 and a 200 day moving average of $0.65. The firm has a market capitalization of $17.56 million, a PE ratio of -2.20 and a beta of 2.66.

About DAVIDsTEA

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DAVIDsTEA Inc (NASDAQ: DTEA) is a Canadian specialty tea company based in Montreal, Quebec. The company offers a broad selection of loose-leaf teas, tea sachets, herbal infusions, matcha, seasonal blends and related tea products.

Its product range also includes teaware, brewing accessories, gift sets and other items designed for at-home tea preparation. DAVIDsTEA sells through its e-commerce platform and retail stores in Canada, and also serves customers through wholesale and other distribution relationships.

Founded in 2008, DAVIDsTEA expanded from its Canadian origins into the United States and built a network of physical stores across North America.

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