Somewhat Negative News Coverage Somewhat Unlikely to Affect DavidsTea (DTEA) Stock Price
Media stories about DavidsTea (NASDAQ:DTEA) have trended somewhat negative recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. DavidsTea earned a media sentiment score of -0.04 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.4413402403262 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Separately, BMO Capital Markets set a $4.00 target price on DavidsTea and gave the stock a “hold” rating in a research report on Tuesday, June 12th.
DavidsTea stock traded up $0.10 during midday trading on Friday, hitting $3.45. 3,784 shares of the company’s stock were exchanged, compared to its average volume of 11,063. DavidsTea has a 52-week low of $2.25 and a 52-week high of $5.39.
DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. The company offers approximately 135 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, and accessories; and food, as well as tea beverages, such as hot or iced tea, and tea lattes. It provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories.
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