Diamond Estates Wines & Spirits (CVE:DWS) Stock Price Up 10.5% – Still a Buy?

Diamond Estates Wines & Spirits Inc. (CVE:DWS) shares traded up 10.5% during mid-day trading 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 research note on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Diamond Estates Wines & Spirits Price Performance

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 stock has a market capitalization of C$14.05 million, a PE ratio of -21.00 and a beta of 1.85. The company’s fifty day simple moving average is C$0.17 and its two-hundred day simple moving average is 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.