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

StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report issued on Friday morning. The brokerage issued a hold rating on the stock.

DAVIDsTEA Stock Down 1.9 %

NASDAQ DTEA opened at $0.52 on Friday. DAVIDsTEA has a 52-week low of $0.42 and a 52-week high of $2.70. The business’s 50-day moving average price is $0.14 and its 200 day moving average price is $0.21. The firm has a market cap of $13.82 million, a P/E ratio of -0.38 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.