Diamond Estates Wines & Spirits (CVE:DWS) Stock Price Up 10.5% – Here’s Why

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price traded up 10.5% during mid-day trading on Friday . The stock traded as high as C$0.22 and last traded at C$0.21. 533,349 shares were traded during mid-day trading, an increase of 317% from the average session volume of 127,810 shares. The stock had previously closed at C$0.19.

Analyst Upgrades and Downgrades

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

Diamond Estates Wines & Spirits Trading Down 4.8%

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$13.38 million, a price-to-earnings ratio of -20.00 and a beta of 1.85. The business has a fifty day simple moving average of C$0.17 and a 200 day simple moving average 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.