DAVIDsTEA (NASDAQ:DTEA) Coverage Initiated at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Price Performance

DTEA stock opened at $0.70 on Thursday. The stock has a market capitalization of $18.67 million, a PE ratio of -2.34 and a beta of 2.66. The company’s 50-day moving average is $0.54 and its 200-day moving average is $0.32. DAVIDsTEA has a 1 year low of $0.42 and a 1 year high of $2.70.

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.