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

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

Analyst Ratings Changes

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

Diamond Estates Wines & Spirits Trading Down 2.4%

The stock has a market capitalization of C$13.71 million, a PE ratio of -20.50 and a beta of 1.85. The stock’s 50 day moving average price is C$0.17 and its 200-day moving average price is C$0.17. The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17.

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.