Diamond Estates Wines & Spirits (CVE:DWS) Trading Up 10.5% – What’s Next?

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price traded up 10.5% during mid-day trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.21. 533,349 shares traded hands 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 shares of Diamond Estates Wines & Spirits to a “strong-buy” rating in a research report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Diamond Estates Wines & Spirits presently has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Stock Performance

The stock has a 50 day moving average of C$0.17 and a two-hundred day moving average of C$0.17. The stock has a market capitalization of C$14.05 million, a PE ratio of -21.00 and a beta of 1.85. 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

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.