DAVIDsTEA (NASDAQ:DTEA) Shares Cross Below 50 Day Moving Average of $0.31

DAVIDsTEA Inc. (NASDAQ:DTEA) shares crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.31 and traded as low as $0.29. DAVIDsTEA shares last traded at $0.29, with a volume of 3,257 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on DAVIDsTEA in a report on Tuesday. They set a “hold” rating for the company.

DAVIDsTEA Trading Down 6.0 %

The firm has a market cap of $7.74 million, a PE ratio of -0.97 and a beta of 2.66. The stock has a fifty day simple moving average of $0.31 and a two-hundred day simple moving average of $0.35.

DAVIDsTEA Company Profile

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.