DAVIDsTEA (NASDAQ:DTEA) Stock Passes Above 50-Day Moving Average – Here’s What Happened

DAVIDsTEA Inc. (NASDAQ:DTEA)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.21 and traded as high as $0.24. DAVIDsTEA shares last traded at $0.24, with a volume of 2,395 shares.

Analyst Ratings Changes

Separately, StockNews.com started coverage on DAVIDsTEA in a report on Saturday. They issued a “hold” rating for the company.

DAVIDsTEA Trading Down 6.0 %

The company has a market capitalization of $6.39 million, a price-to-earnings ratio of -0.80 and a beta of 2.66. The company’s 50 day simple moving average is $0.21 and its 200-day simple moving average is $0.19.

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.