Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 10.5% – What’s Next?

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price was up 10.5% on Friday . The company traded as high as C$0.22 and last traded at C$0.21. Approximately 533,349 shares changed hands during trading, an increase of 317% from the average daily 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 investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Diamond Estates Wines & Spirits has an average rating of “Strong Buy”.

Diamond Estates Wines & Spirits Price Performance

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