MYT - Urban Tea, Inc.

NasdaqCM - NasdaqCM Delayed Price. Currency in USD
0.3400
-0.0041 (-1.19%)
At close: 3:59PM EDT
Stock chart is not supported by your current browser
Previous Close0.3441
Open0.3364
Bid0.3200 x 1100
Ask0.3400 x 1300
Day's Range0.3160 - 0.3500
52 Week Range0.2500 - 2.7700
Volume130,291
Avg. Volume391,986
Market Cap8.901M
Beta (3Y Monthly)1.69
PE Ratio (TTM)N/A
EPS (TTM)-6.0320
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • PR Newswire

    Urban Tea, Inc. Enters into a Non-Binding Letter of Intent to Acquire Hunan 39 PU Tea Co., Ltd.

    CHANGSHA, China, Aug. 13, 2019 /PRNewswire/ -- Urban Tea, Inc. (MYT) (the "Company" or the "Buyer"), a premier retailer of specialty teas and baked goods based in Hunan, China, is pleased to announce that the Company, along with its wholly owned subsidiary Ming Yun Tang (Shanghai) Tea Co., Ltd. ("WOFE") has entered into a non-binding Letter of Intent ("LOI") with Hunan 39 PU Tea Co., Ltd. ("39 PU Tea") and equity holders of 39 PU Tea to acquire 39 PU Tea. 39 PU Tea is a high-end tea enterprise integrating tea distribution, product research and development, and tea cultural heritage projects based in Hunan, China.

  • PR Newswire

    Urban Tea Inc. Received Nasdaq Notification Letters Regarding Deficiencies in Minimum Bid Price and Market Value of Listed Securities

    CHANGSHA, China, July 15, 2019 /PRNewswire/ -- Urban Tea Inc. (the "Company," "we" or "Urban Tea") (MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that the Company has received two notification letters from The NASDAQ Stock Market LLC ("Nasdaq") on July 9, 2019 and July 10, 2019, notifying the Company that it is not in compliance with the minimum Market Value of Listed Securities ("MVLS") requirement and the Minimum Bid Price ("Bid Price") requirement, respectively. On July 9, 2019, Nasdaq sent the Company a notification letter stating that the Company is not in compliance with the MVLS requirement set forth in Nasdaq Listing Rule 5550(b)(2) for continued listing on the Nasdaq Capital Market (the "MVLS Deficiency").

  • PR Newswire

    Urban Tea Inc. Plans to Establish Production, Training and Research Center

    CHANGSHA, China, June 18, 2019 /PRNewswire/ -- Urban Tea Inc. (the "Company", "we" or "Urban Tea") (MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that the Company plans to establish a production, training and research institute center (the "Center") located at No.7, Kangpeng Road, Liuyang Economic Development Zone, Hunan 410331, China. The Center is part of the Company's effort to expand its production, training, research and product development capabilities to meet the growing demand for the Company's products and provide streamlined logistical support.

  • PR Newswire

    Urban Tea, Inc. Announces Closing of $4.6 Million Registered Direct Offering

    NEW YORK, May 31, 2019 /PRNewswire/ -- Urban Tea, Inc. (the "Company") (MYT), a premier retailer of specialty teas and baked goods in China, announced today the closing of its previously announced registered direct offering on May 29, 2019 to certain institutional investors of 2,845,000 ordinary shares and warrants to purchase up to 1,809,420 ordinary shares, at a purchase price of $1.62 for one ordinary share and a corresponding warrant, for proceeds of approximately $4.6 million. After deducting the placement agent's commission and other offering expenses payable by the Company, the net proceeds to the Company were approximately $4.1 million. The Company intends to use the net proceeds of the offering for general corporate purposes and working capital.

  • PR Newswire

    Urban Tea, Inc. Announces Pricing of Approximately $4.6 Million Registered Direct Offering

    NEW YORK, May 24, 2019 /PRNewswire/ -- Urban Tea, Inc. (the "Company") (MYT), a premier retailer of specialty teas and baked goods in China, announced today it has entered into a securities purchase agreement with certain institutional investors to purchase approximately $4.6 million worth of its ordinary shares and warrants to purchase ordinary shares in a registered direct offering. Under the terms of the securities purchase agreement, the Company has agreed to sell 2,845,000 ordinary shares and to issue warrants to purchase up to 1,809,420 ordinary shares.

  • PR Newswire

    Urban Tea Inc. Announces Strategic Plan to Explore Selected Overseas Markets

    CHANGSHA, China, May 22, 2019 /PRNewswire/ -- Urban Tea Inc. (the "Company", "we" or "Urban Tea") (MYT), a premier retailer of specialty teas and baked goods in China, announced its strategic business plan to expand its business to selected overseas markets. Since November 2018, the Company has opened 9 company-owned stores in Changsha, Xiangtan, Liuyang and Shaoyang in Hunan Province (including the grand opening of a new store on May 20, 2019). The Company advocates "Freshly made, low- calorie" eating habits, selling fresh, natural, delicious European style pastries, fruit teas and light meals.

  • PR Newswire

    /C O R R E C T I O N -- Urban Tea Inc./

    In the news release, Urban Tea Inc. Announces Strategic Plan to Develop Tea Beverage Market, issued 08-May-2019 by Urban Tea Inc. over PR Newswire, we are advised by the company that due to an inadvertent ...

  • PR Newswire

    Urban Tea Inc. Announces Strategic Plan to Develop Tea Beverage Market

    CHANGSHA, China , May 8, 2019 /PRNewswire/ -- Urban Tea Inc. (the "Company", "we" or " Urban Tea ") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods in ...

  • PR Newswire

    Urban Tea Inc. Regains Compliance with Nasdaq Listing Rules

    CHANGSHA, China , May 3, 2019 /PRNewswire/ -- Urban Tea Inc. (the "Company", "we" or " Urban Tea ") (NASDAQ: MYT), a premier retailer of specialty teas and baked goods in ...

  • Urban Tea Announces Sale of Chemicals Business and Shifts Focus on Expanding to Tea Beverage Market
    PR Newswire

    Urban Tea Announces Sale of Chemicals Business and Shifts Focus on Expanding to Tea Beverage Market

    CHANGSHA, China, April 23, 2019 /PRNewswire/ -- Urban Tea Inc. (the "Company", "we" or "Urban Tea") (MYT), a premier retailer of specialty teas and baked goods in China, announced today that the sale of the Company's wholly-owned specialty chemicals was completed on April 13, 2019 after shareholders' approval at the shareholders meeting on March 29, 2019. Since November 2018, the Company has opened a total of 8 stores including two flagship stores and six general stores with the ninth store pending for its grand opening in Hunan Province.