Diamond Estates Wines & Spirits (CVE:DWS) Shares Up 10.5% – Here’s Why

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) rose 10.5% on Friday . The company traded as high as C$0.22 and last traded at C$0.21. Approximately 533,349 shares traded hands during trading, an increase of 317% from the average daily 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 analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Diamond Estates Wines & Spirits presently has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Price Performance

The stock has a market cap of C$13.38 million, a P/E ratio of -20.00 and a beta of 1.85. The business has a 50-day simple moving average of C$0.17 and a 200 day simple moving average of C$0.17. The company has a current ratio of 0.90, a quick ratio of 0.11 and a debt-to-equity ratio of 122.17.

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.