Shares of DavidsTea Inc (NASDAQ:DTEA) saw unusually-strong trading volume on Wednesday . Approximately 1,580,814 shares traded hands during mid-day trading, an increase of 207% from the previous session’s volume of 515,097 shares.The stock last traded at $2.51 and had previously closed at $2.27.
Separately, ValuEngine upgraded DavidsTea from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th.
DavidsTea (NASDAQ:DTEA) last announced its quarterly earnings results on Thursday, September 13th. The company reported ($0.15) EPS for the quarter. DavidsTea had a negative net margin of 15.64% and a negative return on equity of 1.34%. 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.
Read More: Rule of 72
Receive News & Ratings for DavidsTea Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DavidsTea and related companies with MarketBeat.com's FREE daily email newsletter.