DAVIDsTEA (NASDAQ:DTEA) Shares Cross Above 50-Day Moving Average – Here’s What Happened
by Danessa Lincoln · The Markets DailyDAVIDsTEA Inc. (NASDAQ:DTEA – Get Free Report)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.66 and traded as high as $0.72. DAVIDsTEA shares last traded at $0.7157, with a volume of 18,553 shares changing hands.
DAVIDsTEA Price Performance
The company has a fifty day moving average price of $0.66 and a 200 day moving average price of $0.64. The stock has a market cap of $19.13 million, a PE ratio of -2.40 and a beta of 2.66.
About DAVIDsTEA
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.