Diamond Estates Wines & Spirits (CVE:DWS) Stock Price Up 13.2% – Should You Buy?

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) rose 13.2% during mid-day trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.22. Approximately 385,200 shares were traded during mid-day trading, an increase of 232% from the average daily volume of 116,022 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

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

Diamond Estates Wines & Spirits Price Performance

The stock has a market capitalization of C$14.38 million, a price-to-earnings ratio of -21.50 and a beta of 1.85. The company’s 50-day simple moving average is C$0.17 and its 200-day simple moving average is C$0.17. The company has a debt-to-equity ratio of 122.17, a current ratio of 0.90 and a quick ratio of 0.11.

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.