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

StockNews.com started coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note published on Monday morning. The brokerage issued a hold rating on the stock.

DAVIDsTEA Stock Performance

Shares of DTEA stock opened at $0.74 on Monday. DAVIDsTEA has a 52 week low of $0.42 and a 52 week high of $2.70. The company’s 50 day moving average price is $0.36 and its two-hundred day moving average price is $0.25. The company has a market capitalization of $19.66 million, a P/E ratio of -2.47 and a beta of 2.66.

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.