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

Investment analysts at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

Shares of DTEA stock opened at $0.52 on Monday. The firm’s 50 day moving average price is $0.25 and its two-hundred day moving average price is $0.19. The stock has a market cap of $13.82 million, a PE ratio of -1.73 and a beta of 2.66. DAVIDsTEA has a 52-week low of $0.42 and a 52-week 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.