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

Equities researchers at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a report issued on Thursday. The firm set a “hold” rating on the stock.

DAVIDsTEA Price Performance

NASDAQ:DTEA opened at $0.14 on Thursday. The stock’s 50 day moving average price is $0.19 and its 200 day moving average price is $0.29. The company has a market capitalization of $3.75 million, a PE ratio of -0.47 and a beta of 2.66. DAVIDsTEA has a 52-week low of $0.42 and a 52-week high of $2.70.

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.