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

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

DAVIDsTEA Stock Performance

NASDAQ:DTEA opened at $0.43 on Wednesday. The stock has a 50-day simple moving average of $0.52 and a 200-day simple moving average of $0.74. The stock has a market cap of $11.43 million, a P/E ratio of -1.43 and a beta of 2.66. DAVIDsTEA has a 1 year low of $0.42 and a 1 year high of $2.70.

About DAVIDsTEA

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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.