Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 10.5% – Still a Buy?

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) were up 10.5% during trading on Thursday . The stock traded as high as C$0.22 and last traded at C$0.21. Approximately 533,349 shares changed hands during mid-day trading, an increase of 317% from the average daily volume of 127,810 shares. The stock had previously closed at C$0.19.

Wall Street Analyst Weigh In

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

View Our Latest Report on DWS

Diamond Estates Wines & Spirits Stock Up 10.5%

The company has a market cap of C$14.05 million, a PE ratio of -21.00 and a beta of 1.85. The stock has a 50-day moving average of C$0.17 and a 200-day moving average of C$0.17. The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17.

Diamond Estates Wines & Spirits Company Profile

(Get Free Report)

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.

Further Reading

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