DAVIDsTEA (NASDAQ:DTEA) Shares Cross Below 50 Day Moving Average – Here’s Why

DAVIDsTEA Inc. (NASDAQ:DTEAGet Free Report) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.69 and traded as low as $0.49. DAVIDsTEA shares last traded at $0.62, with a volume of 3,641 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on DAVIDsTEA in a report on Tuesday. They set a “hold” rating on the stock.

View Our Latest Stock Analysis on DTEA

DAVIDsTEA Price Performance

The stock has a fifty day moving average price of $0.69 and a two-hundred day moving average price of $0.42. The company has a market cap of $16.47 million, a P/E ratio of -2.07 and a beta of 2.66.

DAVIDsTEA Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for DAVIDsTEA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DAVIDsTEA and related companies with MarketBeat.com's FREE daily email newsletter.