Diamond Estates Wines & Spirits (CVE:DWS) Stock Price Up 10.5% – What’s Next?

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price rose 10.5% during mid-day trading on Friday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 533,349 shares changed hands during mid-day trading, an increase of 317% from the average daily 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 analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Diamond Estates Wines & Spirits Stock Performance

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

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.