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

Investment analysts at StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEAGet Rating) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

DAVIDsTEA Trading Down 2.3 %

Shares of DAVIDsTEA stock opened at $0.95 on Tuesday. The company has a market capitalization of $25.27 million, a PE ratio of -3.17 and a beta of 2.68. DAVIDsTEA has a 12 month low of $0.65 and a 12 month high of $3.48. The stock’s fifty day simple moving average is $0.79 and its 200 day simple moving average is $1.02.

DAVIDsTEA (NASDAQ:DTEAGet Rating) last released its earnings results on Tuesday, December 13th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $12.15 million for the quarter. DAVIDsTEA had a negative return on equity of 13.69% and a negative net margin of 10.92%.

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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