DAVIDsTEA (NASDAQ:DTEA) Shares Pass Above 50 Day Moving Average – Here’s Why

DAVIDsTEA Inc. (NASDAQ:DTEA)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.58 and traded as high as $0.58. DAVIDsTEA shares last traded at $0.5712, with a volume of 3,008 shares changing hands.

DAVIDsTEA Price Performance

The business has a 50-day simple moving average of $0.58 and a 200 day simple moving average of $0.61. The firm has a market cap of $15.18 million, a PE ratio of -1.90 and a beta of 2.66.

About DAVIDsTEA

DAVIDsTEA is a specialty tea retailer and e-commerce company headquartered in Montreal, Quebec. Founded in 2008 by entrepreneur David Segal, the company has grown from a single flagship store into a network of brick-and-mortar boutiques across Canada and the United States, complemented by a robust online platform. DAVIDsTEA focuses on delivering an accessible, modern tea-drinking experience to a broad customer base, positioning itself as a lifestyle brand for tea enthusiasts and newcomers alike.

The company’s core product offerings consist of premium loose-leaf teas, tea sachets and ready-to-drink bottled beverages, alongside an assortment of proprietary blends.