DAVIDsTEA Inc. (NASDAQ:DTEA – Get Free Report)’s stock price passed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $0.69 and traded as low as $0.6714. DAVIDsTEA shares last traded at $0.78, with a volume of 17,723 shares changing hands.
DAVIDsTEA Price Performance
The stock has a 50 day simple moving average of $0.69 and a 200 day simple moving average of $0.67. The company has a market cap of $19.75 million, a price-to-earnings ratio of -2.48 and a beta of 2.66.
About DAVIDsTEA
DAVIDsTEA Inc is a Canadian specialty retailer and distributor of tea, tea-related products and accessories. The company offers a broad selection of loose-leaf teas, tea sachets and specialty blends, including black, green, white, herbal and fruit teas, along with seasonal and wellness-oriented products.
In addition to tea, DAVIDsTEA sells teapots, infusers, mugs, kettles, gift sets and other tea accessories. Its products are marketed through the company’s e-commerce platform, retail locations and wholesale channels serving select partners.
Founded in Montreal in 2008, DAVIDsTEA built a retail presence across Canada and the United States before shifting its emphasis toward online sales and wholesale distribution.
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