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

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) were up 10.5% during trading 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 317% from the average daily volume of 127,810 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Analysis on Diamond Estates Wines & Spirits

Diamond Estates Wines & Spirits Trading Up 10.5%

The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17. The stock’s 50 day moving average is C$0.17 and its two-hundred day moving average is C$0.17. The company has a market capitalization of C$14.05 million, a PE ratio of -21.00 and a beta of 1.85.

About Diamond Estates Wines & Spirits

(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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