Diamond Estates Wines & Spirits (CVE:DWS) Shares Up 15.8% – Time to Buy?

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price rose 15.8% during trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 490,849 shares changed hands during mid-day trading, an increase of 295% from the average daily volume of 124,322 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

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

Diamond Estates Wines & Spirits Price Performance

The firm has a market capitalization of C$14.38 million, a P/E ratio of -21.50 and a beta of 1.85. 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 firm has a 50 day moving average price of C$0.17 and a 200-day moving average price of C$0.17.

About Diamond Estates Wines & Spirits

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.