Diamond Estates Wines & Spirits (CVE:DWS) Shares Up 10.5% – Should You Buy?

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price traded up 10.5% during mid-day trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.21. 533,349 shares changed hands during mid-day trading, an increase of 317% from the average session volume of 127,810 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

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

Diamond Estates Wines & Spirits Trading Up 10.5%

The business’s fifty day simple moving average is C$0.17 and its 200 day simple moving average is C$0.17. The company has a current ratio of 0.90, a quick ratio of 0.11 and a debt-to-equity ratio of 122.17. The stock has a market cap of C$14.05 million, a P/E ratio of -21.00 and a beta of 1.85.

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.