DavidsTea Inc (NASDAQ:DTEA) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $1.76 and last traded at $1.82, with a volume of 3276 shares traded. The stock had previously closed at $1.94.
Separately, ValuEngine upgraded shares of DavidsTea from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th.
DavidsTea (NASDAQ:DTEA) last posted its earnings results on Thursday, September 13th. The company reported ($0.15) EPS for the quarter. DavidsTea had a negative return on equity of 1.34% and a negative net margin of 15.64%. The firm had revenue of $30.82 million during the quarter.
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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