Diamond Estates Wines & Spirits (CVE:DWS) Shares Down 13.9% – Here’s Why

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s share price fell 13.9% on Monday . The stock traded as low as C$0.14 and last traded at C$0.16. 222,108 shares changed hands during trading, an increase of 502% from the average session volume of 36,910 shares. The stock had previously closed at C$0.18.

Wall Street Analysts Forecast Growth

Separately, Atrium Research raised shares of Diamond Estates Wines & Spirits to a “strong-buy” rating in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Diamond Estates Wines & Spirits Price Performance

The stock has a market capitalization of C$10.37 million, a PE ratio of -0.88 and a beta of 1.12. 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’s 50 day simple moving average is C$0.17 and its 200 day simple moving average is C$0.18.

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.