DAVIDsTEA (NASDAQ:DTEA) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Stock Down 4.5 %

Shares of DAVIDsTEA stock opened at $0.27 on Wednesday. The firm’s 50-day moving average price is $0.27 and its two-hundred day moving average price is $0.19. The company has a market capitalization of $7.13 million, a price-to-earnings ratio of -0.90 and a beta of 2.66. DAVIDsTEA has a 12-month low of $0.42 and a 12-month 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.