DavidsTea (DTEA) Hits New 52-Week Low at $1.76

DavidsTea Inc (NASDAQ:DTEA) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.76 and last traded at $1.82, with a volume of 3276 shares changing hands. The stock had previously closed at $1.94.

Separately, ValuEngine upgraded shares of DavidsTea from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th.

DavidsTea (NASDAQ:DTEA) last issued its earnings results on Thursday, September 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $30.82 million during the quarter. DavidsTea had a negative net margin of 15.64% and a negative return on equity of 1.34%.

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DavidsTea Company Profile (NASDAQ:DTEA)

DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. The company offers approximately 135 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, and accessories; and food, as well as tea beverages, such as hot or iced tea, and tea lattes. It provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories.

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