DAVIDsTEA (NASDAQ:DTEA) Shares Pass Above 50 Day Moving Average – Should You Sell?

DAVIDsTEA Inc. (NASDAQ:DTEA) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.58 and traded as high as $0.6060. DAVIDsTEA shares last traded at $0.5840, with a volume of 10,179 shares changing hands.

DAVIDsTEA Trading Up 0.7%

The business has a 50-day moving average of $0.58 and a two-hundred day moving average of $0.62. The firm has a market cap of $15.52 million, a P/E ratio of -1.95 and a beta of 2.66.

DAVIDsTEA Company Profile

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.