DAVIDsTEA (NASDAQ:DTEA) Research Coverage Started at StockNews.com

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

DAVIDsTEA Price Performance

DTEA stock remained flat at $0.27 during mid-day trading on Thursday. The company’s stock had a trading volume of 99,452 shares, compared to its average volume of 43,487. The company has a market capitalization of $7.17 million, a P/E ratio of -0.90 and a beta of 2.66. DAVIDsTEA has a 12-month low of $0.42 and a 12-month high of $2.70. The stock’s 50 day moving average is $0.30 and its 200 day moving average is $0.34.

About DAVIDsTEA

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.