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

Equities research analysts at StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

DAVIDsTEA stock opened at $0.33 on Friday. The company has a 50 day moving average price of $0.27 and a 200 day moving average price of $0.20. DAVIDsTEA has a 52 week low of $0.42 and a 52 week high of $2.70. The firm has a market capitalization of $8.64 million, a price-to-earnings ratio of -1.08 and a beta of 2.66.

DAVIDsTEA Company Profile

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.