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

Analysts at StockNews.com assumed coverage on shares of DAVIDsTEA (NASDAQ:DTEA – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

NASDAQ:DTEA opened at $0.47 on Thursday. The firm has a market cap of $12.49 million, a price-to-earnings ratio of -1.57 and a beta of 2.66. DAVIDsTEA has a 52 week low of $0.46 and a 52 week high of $2.91. The firm has a 50-day moving average price of $0.85 and a two-hundred day moving average price of $0.82.

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About DAVIDsTEA

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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.

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