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

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

DAVIDsTEA Trading Up 1.2 %

Shares of NASDAQ DTEA opened at $0.61 on Thursday. The stock has a fifty day simple moving average of $0.65 and a two-hundred day simple moving average of $0.45. DAVIDsTEA has a 1-year low of $0.42 and a 1-year high of $2.70. The firm has a market cap of $16.27 million, a price-to-earnings ratio of -2.04 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.