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

Research analysts at StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

Shares of DTEA stock opened at $0.43 on Tuesday. DAVIDsTEA has a fifty-two week low of $0.42 and a fifty-two week high of $2.70. The firm has a market capitalization of $11.51 million, a price-to-earnings ratio of -1.44 and a beta of 2.66. The stock’s 50-day simple moving average is $0.53 and its 200-day simple moving average is $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.