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

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

Analyst Ratings Changes

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, According to data from MarketBeat, Diamond Estates Wines & Spirits currently has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Stock Performance

The company has a 50 day moving average price of C$0.17 and a 200-day moving average price 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. The company has a market cap of C$13.71 million, a P/E ratio of -20.50 and a beta of 1.85.

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. 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.