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

Investment analysts at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEAGet Free Report) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Trading Down 3.6 %

Shares of DTEA stock opened at $0.53 on Monday. DAVIDsTEA has a 12 month low of $0.42 and a 12 month high of $2.70. The stock has a market cap of $14.08 million, a PE ratio of -1.77 and a beta of 2.66. The company’s fifty day moving average price is $0.68 and its 200-day moving average price is $0.40.

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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