Diamond Estates Wines & Spirits (CVE:DWS) Stock Price Down 7.7% – Time to Sell?

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price was down 7.7% on Thursday . The stock traded as low as C$0.18 and last traded at C$0.18. Approximately 216,238 shares changed hands during trading, an increase of 127% from the average daily volume of 95,468 shares. The stock had previously closed at C$0.20.

Wall Street Analyst Weigh In

Separately, Atrium Research raised shares of Diamond Estates Wines & Spirits to a “strong-buy” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Price Performance

The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17. The firm has a market capitalization of C$11.37 million, a price-to-earnings ratio of -17.00 and a beta of 1.85. The company has a fifty day moving average price of C$0.18 and a two-hundred day moving average price of C$0.18.

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.