Shares of DAVIDsTEA Inc. (NASDAQ:DTEA) traded at a new 52-week high today of $5.10. Approximately 1.7 million shares have changed hands today, as compared to an average 30-day volume of 858,000 shares.
DAVIDsTEA Inc is a company functional in Canada’s packaged foods market. Operating as a branded retailer of different types of tea, the company primarily serves through DAVIDsTEA stores and its website, davidstea.com. Its business involves the sale of three main products; Tea, Tea Accessories and Food and Beverages. Tea products such as loose-leaf teas, pre-packaged teas, and tea sachets account for the majority of the company’s sales. Additionally, it sells Tea Accessories such as tea mugs, travel mugs, teacup sets, teapots, tea makers, kettles and Beverages ranging from the standard hot or iced tea to tea lattes. The company geographical segment includes Canada and the United States of which Canada generates a majority revenue.
In the past 52 weeks, DAVIDsTEA Inc. share prices are bracketed by a low of $0.32 and a high of $5.10 and is now at $4.90, 1,456% above that low price.
DAVIDsTEA Inc. (NASDAQ:DTEA) is currently priced 22.0% above its average consensus analyst price target of $3.82.
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