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

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price traded up 10.5% on Thursday . The stock 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.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised shares of 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, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Stock Performance

The company has a debt-to-equity ratio of 122.17, a current ratio of 0.90 and a quick ratio of 0.11. The stock has a 50-day moving average price of C$0.17 and a 200-day moving average price of C$0.17. 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.

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.