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

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 $0.69 and traded as low as $0.49. DAVIDsTEA shares last traded at $0.62, with a volume of 3,641 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of DAVIDsTEA in a report on Tuesday. They set a “hold” rating on the stock.

DAVIDsTEA Stock Performance

The stock’s 50 day moving average is $0.69 and its 200 day moving average is $0.42. The company has a market capitalization of $14.61 million, a PE ratio of -1.83 and a beta of 2.66.

About DAVIDsTEA

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.