Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 15.8% – Still a Buy?

Diamond Estates Wines & Spirits Inc. (CVE:DWS) traded up 15.8% during trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.22. 490,849 shares were traded during mid-day trading, an increase of 295% from the average session volume of 124,322 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 report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Stock Performance

The firm has a market capitalization of C$14.38 million, a PE ratio of -21.50 and a beta of 1.85. The company has a debt-to-equity ratio of 122.17, a quick ratio of 0.11 and a current ratio of 0.90. The business’s fifty day simple moving average is C$0.17 and its 200-day simple 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.