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

Diamond Estates Wines & Spirits Inc. (CVE:DWS) traded up 10.5% during mid-day trading on Friday . The company 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 shares of Diamond Estates Wines & Spirits to a “strong-buy” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Trading Down 4.8%

The firm 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’s 50 day moving average price is C$0.17 and its 200-day moving average price is C$0.17. 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.