DAVIDsTEA (NASDAQ:DTEA) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

DAVIDsTEA Inc. (NASDAQ:DTEAGet Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.63 and traded as low as $0.5852. DAVIDsTEA shares last traded at $0.5950, with a volume of 22,015 shares trading hands.

DAVIDsTEA Stock Down 4.7%

The firm has a fifty day simple moving average of $0.59 and a 200-day simple moving average of $0.63. The company has a market cap of $14.94 million, a PE ratio of -1.87 and a beta of 2.66.

About DAVIDsTEA

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DAVIDsTEA is a specialty tea retailer and e-commerce company headquartered in Montreal, Quebec. Founded in 2008 by entrepreneur David Segal, the company has grown from a single flagship store into a network of brick-and-mortar boutiques across Canada and the United States, complemented by a robust online platform. DAVIDsTEA focuses on delivering an accessible, modern tea-drinking experience to a broad customer base, positioning itself as a lifestyle brand for tea enthusiasts and newcomers alike.

The company’s core product offerings consist of premium loose-leaf teas, tea sachets and ready-to-drink bottled beverages, alongside an assortment of proprietary blends.

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