DavidsTea (DTEA) Upgraded at ValuEngine

ValuEngine upgraded shares of DavidsTea (NASDAQ:DTEA) from a sell rating to a hold rating in a research report sent to investors on Saturday, March 10th.

Other analysts also recently issued research reports about the stock. BMO Capital Markets set a $4.00 target price on shares of DavidsTea and gave the company a hold rating in a report on Thursday, December 14th. Zacks Investment Research downgraded shares of DavidsTea from a hold rating to a sell rating in a report on Tuesday, January 9th.

Shares of DavidsTea (NASDAQ DTEA) remained flat at $$3.65 during trading hours on Friday. 2,795 shares of the stock traded hands, compared to its average volume of 11,008. The firm has a market cap of $94.33, a PE ratio of -11.77 and a beta of 0.82. DavidsTea has a 52-week low of $3.25 and a 52-week high of $7.85.

An institutional investor recently bought a new position in DavidsTea stock. Renaissance Technologies LLC acquired a new stake in DavidsTea Inc (NASDAQ:DTEA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 48,900 shares of the company’s stock, valued at approximately $191,000. Renaissance Technologies LLC owned 0.19% of DavidsTea as of its most recent SEC filing. Institutional investors own 12.01% of the company’s stock.

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About DavidsTea

DAVIDsTEA Inc is engaged in the retail and online sale of tea, tea accessories, and food and beverages in Canada and in the United States. The Company’s segments include Canada and the U.S. The Company is a branded retailer of specialty tea, offering approximately 150 loose-leaf teas, pre-packaged teas, tea sachets and tea-related gifts, accessories, and food and beverages primarily through approximately 190 DAVIDsTEA stores, which are operated by the Company, and its Website, davidstea.com.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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