DAVIDsTEA (NASDAQ:DTEA) Stock Price Crosses Above 50-Day Moving Average – Here’s Why
by Mitch Edgeman · The Markets DailyShares of DAVIDsTEA Inc. (NASDAQ:DTEA – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.58 and traded as high as $0.58. DAVIDsTEA shares last traded at $0.5712, with a volume of 3,008 shares traded.
DAVIDsTEA Stock Down 2.0%
The company has a market capitalization of $14.88 million, a PE ratio of -1.87 and a beta of 2.66. The company’s 50 day moving average is $0.58 and its two-hundred day moving average is $0.61.
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.