Diamond Estates Wines & Spirits (CVE:DWS) Shares Up 10.5% – Should You Buy?

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

Analysts Set New Price Targets

Separately, Atrium Research raised 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 data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Diamond Estates Wines & Spirits Stock Up 10.5%

The company has a market capitalization of C$14.05 million, a price-to-earnings ratio of -21.00 and a beta of 1.85. The business has a fifty day simple moving average of C$0.17 and a two-hundred day simple moving average of 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.

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.