DAVIDsTEA (NASDAQ:DTEA) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

DAVIDsTEA Inc. (NASDAQ:DTEAGet Free Report)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.63 and traded as high as $0.77. DAVIDsTEA shares last traded at $0.74, with a volume of 2,904 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on DAVIDsTEA in a research report on Saturday. They issued a “hold” rating for the company.

Read Our Latest Report on DTEA

DAVIDsTEA Price Performance

The company’s fifty day moving average price is $0.63 and its 200 day moving average price is $0.36. The company has a market cap of $19.65 million, a PE ratio of -2.46 and a beta of 2.66.

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.

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