DAVIDsTEA (NASDAQ:DTEA) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of DAVIDsTEA (NASDAQ:DTEA – Get Rating) in a research note released on Saturday. The firm issued a hold rating on the stock.

NASDAQ DTEA opened at $1.85 on Friday. The stock has a market capitalization of $48.89 million, a PE ratio of 0.80 and a beta of 3.05. The business has a 50 day simple moving average of $2.51 and a two-hundred day simple moving average of $3.07. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.16 and a quick ratio of 1.62. DAVIDsTEA has a 1-year low of $1.75 and a 1-year high of $5.88.

Large investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of DAVIDsTEA by 578.9% during the 3rd quarter. Royal Bank of Canada now owns 23,455 shares of the company’s stock worth $59,000 after acquiring an additional 20,000 shares during the last quarter. Virtu Financial LLC lifted its stake in shares of DAVIDsTEA by 98.9% during the 4th quarter. Virtu Financial LLC now owns 21,643 shares of the company’s stock worth $67,000 after acquiring an additional 10,764 shares during the last quarter. Finally, Cohanzick Management LLC lifted its stake in shares of DAVIDsTEA by 135.9% during the 3rd quarter. Cohanzick Management LLC now owns 139,400 shares of the company’s stock worth $350,000 after acquiring an additional 80,297 shares during the last quarter. 11.92% of the stock is owned by institutional investors and hedge funds.

DAVIDsTEA Company Profile (Get Rating)

DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. It offers loose-leaf teas, pre-packaged teas, tea sachets, and tea-related gifts; tea accessories, including tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles, infusers, filters, frothers, tins, and spoons; and food and tea beverages.

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