DAVIDsTEA (NASDAQ:DTEA) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

DAVIDsTEA Inc. (NASDAQ:DTEA) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.20 and traded as high as $0.25. DAVIDsTEA shares last traded at $0.24, with a volume of 18,400 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on DAVIDsTEA in a research note on Friday. They set a “hold” rating for the company.

DAVIDsTEA Stock Up 6.1 %

The company has a 50-day moving average of $0.20 and a 200-day moving average of $0.19. The company has a market cap of $6.48 million, a PE ratio of -0.81 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.