DavidsTea (NASDAQ:DTEA) Trading 21.2% Higher

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DavidsTea Inc (NASDAQ:DTEA)’s share price traded up 21.2% during trading on Friday . The stock traded as high as $1.78 and last traded at $2.06, 26,020 shares traded hands during trading. A decline of 54% from the average session volume of 56,479 shares. The stock had previously closed at $1.70.

Separately, ValuEngine upgraded DavidsTea from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

The company has a 50 day moving average price of $1.48 and a 200 day moving average price of $1.37.

DavidsTea (NASDAQ:DTEA) last released its earnings results on Tuesday, June 18th. The company reported ($0.11) EPS for the quarter. The business had revenue of $33.24 million for the quarter. DavidsTea had a negative net margin of 17.25% and a negative return on equity of 13.24%.

About DavidsTea (NASDAQ:DTEA)

DAVIDsTEA Inc operates as a retailer of specialty tea in Canada and the United States. The company offers approximately 135 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, and accessories; and food, as well as tea beverages, such as hot or iced tea, and tea lattes. It provides loose-leaf tea in white, green, oolong, black, pu'erh, mate, rooibos, and herbal tea categories.

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