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

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report)’s share price rose 10.5% during mid-day trading 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 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 investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Read Our Latest Report on DWS

Diamond Estates Wines & Spirits Stock Down 4.8%

The stock has a market cap of C$13.38 million, a P/E ratio of -20.00 and a beta of 1.85. The company’s 50 day moving average price is C$0.17 and its two-hundred day moving average price is C$0.17. The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17.

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.

Recommended Stories

Receive News & Ratings for Diamond Estates Wines & Spirits Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamond Estates Wines & Spirits and related companies with MarketBeat.com's FREE daily email newsletter.