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

Diamond Estates Wines & Spirits Inc. (CVE:DWS) traded up 10.5% on Friday . The company traded as high as C$0.22 and last traded at C$0.21. 533,349 shares changed hands during 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 Analysts Forecast Growth

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

Diamond Estates Wines & Spirits Trading Down 2.4%

The stock’s 50 day moving average is C$0.17 and its 200-day moving average is C$0.17. The company has a market cap of C$13.71 million, a P/E ratio of -20.50 and a beta of 1.85. 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

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.