Diamond Estates Wines & Spirits (CVE:DWS) Shares Down 13.9% – Here’s What Happened

Diamond Estates Wines & Spirits Inc. (CVE:DWS) dropped 13.9% during mid-day trading on Monday . The company traded as low as C$0.14 and last traded at C$0.16. Approximately 222,108 shares traded hands during mid-day trading, an increase of 488% from the average daily volume of 37,777 shares. The stock had previously closed at C$0.18.

Analysts Set New Price Targets

Separately, Atrium Research raised Diamond Estates Wines & Spirits to a “strong-buy” rating in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Diamond Estates Wines & Spirits presently has an average rating of “Strong Buy”.

Diamond Estates Wines & Spirits Trading Up 5.6%

The company has a current ratio of 0.90, a quick ratio of 0.11 and a debt-to-equity ratio of 122.17. The firm has a market cap of C$12.71 million, a PE ratio of -0.88 and a beta of 1.12. The company’s 50-day moving average is C$0.17 and its 200 day moving average is 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.