Diamond Estates Wines & Spirits (CVE:DWS) Trading 10.5% Higher – Should You Buy?

by · The Cerbat Gem

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

Analysts Set New Price Targets

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

Get Our Latest Report on DWS

Diamond Estates Wines & Spirits Stock Down 4.8%

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. The stock’s 50-day moving average price is C$0.17 and its two-hundred day moving average price is C$0.17.

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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