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

StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

DAVIDsTEA Trading Up 16.3 %

DAVIDsTEA stock opened at $0.32 on Tuesday. DAVIDsTEA has a 12 month low of $0.42 and a 12 month high of $2.70. The firm has a market cap of $8.50 million, a price-to-earnings ratio of -1.07 and a beta of 2.66. The stock has a fifty day simple moving average of $0.31 and a two-hundred day simple moving average of $0.35.

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.