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

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

DAVIDsTEA Stock Up 4.5 %

NASDAQ:DTEA opened at $0.35 on Friday. The firm has a market capitalization of $9.30 million, a price-to-earnings ratio of -1.17 and a beta of 2.66. DAVIDsTEA has a twelve month low of $0.42 and a twelve month high of $2.70. The stock’s 50 day moving average price is $0.27 and its two-hundred day moving average price is $0.20.

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.