Diamond Estates Wines & Spirits (CVE:DWS) Reaches New 1-Year Low – Here’s Why

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.13 and last traded at C$0.13, with a volume of 32501 shares traded. The stock had previously closed at C$0.14.

Diamond Estates Wines & Spirits Stock Performance

The company has a market capitalization of C$8.82 million, a price-to-earnings ratio of -6.50 and a beta of 1.24. The business has a fifty day moving average price of C$0.15 and a 200 day moving average price of C$0.17. The company has a debt-to-equity ratio of 122.17, a current ratio of 0.90 and a quick ratio of 0.11.

About Diamond Estates Wines & Spirits

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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.

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