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

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) rose 10.5% during trading 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 Upgrades and Downgrades

Separately, Atrium Research upgraded 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, Diamond Estates Wines & Spirits presently 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 firm has a market capitalization of C$13.38 million, a PE ratio of -20.00 and a beta of 1.85. The firm has a fifty day moving average price of C$0.17 and a 200 day moving average price of 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.