DAVIDsTEA (NASDAQ:DTEA) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of DAVIDsTEA (NASDAQ:DTEAGet Rating) in a report issued on Saturday. The firm set a “hold” rating on the stock.

DTEA opened at $1.94 on Friday. The company has a current ratio of 3.16, a quick ratio of 1.62 and a debt-to-equity ratio of 0.21. The stock has a market cap of $51.27 million, a PE ratio of 0.84 and a beta of 3.05. DAVIDsTEA has a twelve month low of $1.75 and a twelve month high of $5.88. The business’s 50 day moving average is $2.55 and its 200-day moving average is $3.10.

A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC lifted its position in shares of DAVIDsTEA by 98.9% during the fourth quarter. Virtu Financial LLC now owns 21,643 shares of the company’s stock worth $67,000 after purchasing an additional 10,764 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of DAVIDsTEA by 578.9% during the 3rd quarter. Royal Bank of Canada now owns 23,455 shares of the company’s stock worth $59,000 after buying an additional 20,000 shares during the last quarter. Finally, Cohanzick Management LLC increased its position in DAVIDsTEA by 135.9% during the third quarter. Cohanzick Management LLC now owns 139,400 shares of the company’s stock worth $350,000 after acquiring an additional 80,297 shares during the period. Hedge funds and other institutional investors own 11.92% of the company’s stock.

DAVIDsTEA Company Profile (Get Rating)

DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. It offers loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts; tea accessories, including tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles, infusers, filters, frothers, tins, and spoons; and food and tea beverages.

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