Diamond Estates Wines & Spirits (CVE:DWS) Hits New 1-Year Low – Should You Sell?

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.14 and last traded at C$0.14, with a volume of 24605 shares traded. The stock had previously closed at C$0.15.

Diamond Estates Wines & Spirits Trading Down 3.4%

The company’s fifty day moving average is C$0.16 and its 200-day moving average is C$0.17. The firm has a market capitalization of C$9.49 million, a P/E ratio of -7.00 and a beta of 1.49. The company has a current ratio of 0.90, a quick ratio of 0.11 and a debt-to-equity ratio of 122.17.

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.