Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 10.5% – What’s Next?

by · The Cerbat Gem

Diamond Estates Wines & Spirits Inc. (CVE:DWS – Get Free Report) traded up 10.5% on Thursday . The stock traded as high as C$0.22 and last traded at C$0.21. 533,349 shares changed hands during mid-day trading, an increase of 317% from the average session volume of 127,810 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

Separately, Atrium Research raised Diamond Estates Wines & Spirits to a “strong-buy” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Diamond Estates Wines & Spirits has an average rating of “Strong Buy”.

Get Our Latest Analysis on Diamond Estates Wines & Spirits

Diamond Estates Wines & Spirits Stock Performance

The company’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.17. The company has a current ratio of 0.90, a quick ratio of 0.11 and a debt-to-equity ratio of 122.17. The stock has a market capitalization of C$13.38 million, a P/E ratio of -20.00 and a beta of 1.85.

Diamond Estates Wines & Spirits Company Profile

(Get Free Report)

Diamond Estates Wines & Spirits Inc produces, markets, distributes, and sells wines in Canada, China, and internationally. The company operates in two segments, Manufactured Wines and Agency. It produces VQA wines under the 20 Bees, Creekside, EastDell, Lakeview Cellars, Mindful, Shiny Apple Cider, Fresh, Red Tractor, Seasons, Serenity, D’Ont Poke the Bear, and Backyard Vineyards brand names. The company also sells its products through liquor boards, licensed restaurants and bars, grocery chains, direct-to-consumer, and retail stores, as well as acts as a sales agent for beverage alcohol brands.

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