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

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) were up 10.5% on Thursday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 533,349 shares traded hands during mid-day trading, an increase of 318% from the average daily volume of 127,730 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 report on Tuesday, November 25th. One 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 Stock Up 10.5%

The business’s fifty day moving average price is C$0.17 and its two-hundred day moving average price is C$0.17. 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 firm has a market capitalization of C$14.05 million, a P/E ratio of -21.00 and a beta of 1.85.

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.