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

DAVIDsTEA Inc. (NASDAQ:DTEAGet Free Report) 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 changing hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of DAVIDsTEA in a report on Tuesday. They issued a “hold” rating for the company.

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DAVIDsTEA Stock Performance

The company’s fifty day moving average price is $0.31 and its 200 day moving average price is $0.35. The firm has a market capitalization of $8.18 million, a price-to-earnings ratio of -1.03 and a beta of 2.66.

DAVIDsTEA Company Profile

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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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