Diamond Estates Wines & Spirits (CVE:DWS) Stock Price Up 10.5% – Here’s Why

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report)’s share price rose 10.5% during trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.21. Approximately 533,349 shares changed hands during mid-day trading, an increase of 317% from the average daily volume of 127,810 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on Diamond Estates Wines & Spirits

Diamond Estates Wines & Spirits Price Performance

The firm has a market capitalization of C$14.05 million, a P/E ratio of -21.00 and a beta of 1.85. The company has a debt-to-equity ratio of 122.17, a quick ratio of 0.11 and a current ratio of 0.90. The business has a fifty day moving average of C$0.17 and a 200-day moving average of 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.

Further Reading

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