Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 10.5% – Should You 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 Diamond Estates Wines & Spirits to a “strong-buy” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Price Performance

The firm’s 50-day moving average is C$0.17 and its 200-day moving average is C$0.17. The company has a market capitalization of C$13.38 million, a PE ratio of -20.00 and a beta of 1.85. The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17.

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.