DAVIDsTEA (NASDAQ:DTEA) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note released on Monday morning. The firm issued a hold rating on the stock.

DAVIDsTEA Stock Performance

Shares of DAVIDsTEA stock opened at $0.26 on Monday. The firm has a market cap of $6.95 million, a PE ratio of -0.87 and a beta of 2.66. The business’s 50 day simple moving average is $0.26 and its 200 day simple moving average is $0.19. DAVIDsTEA has a 52-week low of $0.42 and a 52-week high of $2.70.

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.