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

Analysts at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

DAVIDsTEA Price Performance

NASDAQ DTEA opened at $0.51 on Tuesday. DAVIDsTEA has a 1-year low of $0.42 and a 1-year high of $2.70. The company has a market capitalization of $13.48 million, a P/E ratio of -1.69 and a beta of 2.66. The business has a 50 day moving average price of $0.53 and a 200 day moving average price of $0.51.

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.