Diamond Estates Wines & Spirits (CVE:DWS) Trading 10.5% Higher – Still a Buy?

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s share price was up 10.5% on Friday . 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 Ratings Changes

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 MarketBeat.com, Diamond Estates Wines & Spirits presently has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Stock 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’s 50-day simple moving average is C$0.17 and its two-hundred day simple moving average is C$0.17. The stock has a market cap of C$13.38 million, a price-to-earnings ratio of -20.00 and a beta of 1.85.

Diamond Estates Wines & Spirits Company Profile

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.