ValuEngine upgraded shares of DavidsTea (NASDAQ:DTEA) from a hold rating to a buy rating in a research report report published on Wednesday morning.

Shares of DTEA traded down $0.11 during mid-day trading on Wednesday, hitting $2.25. 498,800 shares of the company’s stock traded hands, compared to its average volume of 3,679,841. DavidsTea has a 1 year low of $2.20 and a 1 year high of $5.35.

DavidsTea (NASDAQ:DTEA) last posted its earnings results on Thursday, September 13th. The company reported ($0.15) earnings per share (EPS) for the quarter. DavidsTea had a negative net margin of 15.64% and a negative return on equity of 1.34%. The business had revenue of $30.82 million for the quarter.

About DavidsTea

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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