DAVIDsTEA (NASDAQ:DTEA) Stock Price Passes Below 50 Day Moving Average of $0.38

Shares of DAVIDsTEA Inc. (NASDAQ:DTEAGet Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.38 and traded as low as $0.37. DAVIDsTEA shares last traded at $0.37, with a volume of 4,099 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of DAVIDsTEA in a research report on Friday. They issued a “hold” rating on the stock.

Read Our Latest Report on DAVIDsTEA

DAVIDsTEA Price Performance

The company has a market capitalization of $9.83 million, a PE ratio of -1.23 and a beta of 2.66. The stock’s 50 day simple moving average is $0.38 and its 200-day simple moving average is $0.45.

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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