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

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) traded up 10.5% on Friday . The company traded as high as C$0.22 and last traded at C$0.21. 533,349 shares changed 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.

Analysts Set New Price Targets

Separately, Atrium Research upgraded 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, According to MarketBeat, Diamond Estates Wines & Spirits has an average rating of “Strong Buy”.

Diamond Estates Wines & Spirits Stock Down 4.8%

The stock has a market capitalization of C$13.38 million, a P/E ratio of -20.00 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. The firm has a 50-day simple moving average of C$0.17 and a 200 day simple moving average of C$0.17.

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.