Diamond Estates Wines & Spirits (CVE:DWS) Shares Down 15% – Should You Sell?

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) shares dropped 15% during trading on Friday . The stock traded as low as C$0.16 and last traded at C$0.17. Approximately 181,121 shares changed hands during trading, an increase of 510% from the average daily volume of 29,683 shares. The stock had previously closed at C$0.20.

Diamond Estates Wines & Spirits Trading Down 2.9%

The firm has a market capitalization of C$9.82 million, a PE ratio of -0.66 and a beta of 1.94. The firm has a 50 day simple moving average of C$0.19 and a 200 day simple moving average of C$0.19. 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

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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.

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