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

StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEA) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.

DAVIDsTEA Stock Up 16.8 %

Shares of NASDAQ DTEA opened at $0.64 on Wednesday. The firm’s 50-day moving average price is $0.66 and its 200-day moving average price is $0.44. DAVIDsTEA has a 52-week low of $0.42 and a 52-week high of $2.70. The company has a market cap of $17.04 million, a PE ratio of -2.14 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.