DAVIDsTEA (NASDAQ:DTEA) Shares Down 4.3%

DAVIDsTEA Inc. (NASDAQ:DTEA)’s share price traded down 4.3% during mid-day trading on Thursday . The company traded as low as $2.65 and last traded at $2.68. 210,066 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 383,691 shares. The stock had previously closed at $2.80.

The business’s 50 day moving average price is $3.64 and its 200-day moving average price is $3.79. The firm has a market capitalization of $70.37 million, a PE ratio of -13.40 and a beta of 3.18.

DAVIDsTEA (NASDAQ:DTEA) last announced its earnings results on Tuesday, June 15th. The company reported $0.04 earnings per share for the quarter. DAVIDsTEA had a negative net margin of 6.70% and a negative return on equity of 30.35%. The firm had revenue of $18.47 million for the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Accretive Wealth Partners LLC purchased a new stake in DAVIDsTEA during the 2nd quarter worth approximately $116,000. First National Trust Co acquired a new position in DAVIDsTEA during the 1st quarter worth approximately $75,000. Finally, Sigma Planning Corp acquired a new position in DAVIDsTEA during the 1st quarter worth approximately $51,000. 1.89% of the stock is currently owned by hedge funds and other institutional investors.

DAVIDsTEA Company Profile (NASDAQ:DTEA)

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 company was founded by Herschel H. Segal and David Segal on April 29, 2008 and is headquartered in Mount-Royal, Canada.

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