Diamond Estates Wines & Spirits (CVE:DWS) Hits New 52-Week Low – What’s Next?

Diamond Estates Wines & Spirits Inc. (CVE:DWS) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.14 and last traded at C$0.15, with a volume of 194945 shares. The stock had previously closed at C$0.15.

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’s 50 day moving average is C$0.16 and its 200 day moving average is C$0.17. The company has a market capitalization of C$9.83 million, a PE ratio of -7.25 and a beta of 1.49.

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.