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

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s share price traded up 10.5% during trading on Friday . The company traded as high as C$0.22 and last traded at C$0.21. 533,349 shares were traded 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.

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 investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Trading Down 2.4%

The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17. The firm has a market capitalization of C$13.71 million, a price-to-earnings ratio of -20.50 and a beta of 1.85. The business has a 50-day moving average of C$0.17 and a two-hundred day moving average of C$0.17.

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.