Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 10.5% – Time to Buy?

Diamond Estates Wines & Spirits Inc. (CVE:DWS) shares traded up 10.5% during mid-day trading on Thursday . The stock 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 Analyst Weigh In

Separately, Atrium Research upgraded shares of 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, Based on data from MarketBeat, Diamond Estates Wines & Spirits 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 business has a 50-day moving average of C$0.17 and a 200-day moving average of C$0.17. The company has a market capitalization of C$14.05 million, a P/E ratio of -21.00 and a beta of 1.85.

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.