Diamond Estates Wines & Spirits (CVE:DWS) Trading Down 13.9% – Should You Sell?

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) dropped 13.9% on Monday . The stock traded as low as C$0.14 and last traded at C$0.16. Approximately 222,108 shares traded hands during mid-day trading, an increase of 488% from the average daily volume of 37,777 shares. The stock had previously closed at C$0.18.

Wall Street Analyst Weigh In

Separately, Atrium Research upgraded shares of Diamond Estates Wines & Spirits to a “strong-buy” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Strong Buy”.

Diamond Estates Wines & Spirits Price Performance

The company has a 50-day moving average of C$0.17 and a two-hundred day moving average of C$0.18. 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 stock has a market capitalization of C$12.71 million, a PE ratio of -0.88 and a beta of 1.12.

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.