Diamond Estates Wines & Spirits (CVE:DWS) Reaches New 52-Week Low – Here’s Why

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) reached a new 52-week low on Wednesday . The company traded as low as C$0.14 and last traded at C$0.14, with a volume of 18300 shares trading hands. The stock had previously closed at C$0.15.

Diamond Estates Wines & Spirits Trading Up 3.6%

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 stock has a market capitalization of C$9.83 million, a PE ratio of -7.25 and a beta of 1.49. The stock has a 50-day moving average price of C$0.16 and a two-hundred day moving average price of C$0.17.

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.