DAVIDsTEA (NASDAQ:DTEA) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Stock Up 1.3 %

Shares of DTEA opened at $0.40 on Friday. The firm has a fifty day simple moving average of $0.29 and a two-hundred day simple moving average of $0.21. DAVIDsTEA has a twelve month low of $0.42 and a twelve month high of $2.70. The stock has a market capitalization of $10.63 million, a P/E ratio of -1.33 and a beta of 2.66.

DAVIDsTEA Company Profile

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.