DAVIDsTEA (DTEA) Receiving Somewhat Positive Press Coverage, Report Shows

News stories about DAVIDsTEA (NASDAQ:DTEA) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. DAVIDsTEA earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the company an impact score of 45.9741893537525 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

DAVIDsTEA (NASDAQ:DTEA) traded down 0.94% on Friday, reaching $5.25. 2,070 shares of the company were exchanged. DAVIDsTEA has a 52 week low of $4.90 and a 52 week high of $13.85. The stock has a 50-day moving average price of $5.52 and a 200 day moving average price of $6.35.

DAVIDsTEA (NASDAQ:DTEA) last issued its earnings results on Wednesday, June 7th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $48.70 million for the quarter, compared to the consensus estimate of $46.11 million. DAVIDsTEA had a positive return on equity of 2.69% and a negative net margin of 2.57%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. Equities analysts expect that DAVIDsTEA will post $0.06 EPS for the current year.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of DAVIDsTEA from a “hold” rating to a “buy” rating and set a $6.25 price objective for the company in a research note on Thursday, July 13th. BMO Capital Markets restated a “market perform” rating and set a $5.50 target price on shares of DAVIDsTEA in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.42.

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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.

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