Diamond Estates Wines & Spirits (CVE:DWS) Shares Down 7.7% – Should You Sell?

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

Analyst Ratings Changes

Separately, Atrium Research upgraded Diamond Estates Wines & Spirits to a “strong-buy” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Diamond Estates Wines & Spirits Price Performance

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 firm has a market cap of C$12.04 million, a PE ratio of -18.00 and a beta of 1.85. The firm has a fifty day simple moving average of C$0.18 and a two-hundred day simple moving average of C$0.18.

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.