Diamond Estates Wines & Spirits (CVE:DWS) Trading 9.1% Higher

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price rose 9.1% during mid-day trading on Tuesday . The stock traded as high as C$0.45 and last traded at C$0.36. Approximately 109,000 shares changed hands during trading, an increase of 252% from the average daily volume of 30,998 shares. The stock had previously closed at C$0.33.

Diamond Estates Wines & Spirits Stock Performance

The company has a debt-to-equity ratio of 122.17, a quick ratio of 0.11 and a current ratio of 0.90. The company’s 50 day moving average price is C$0.27 and its 200-day moving average price is C$0.23. The stock has a market cap of C$20.83 million, a P/E ratio of -1.32 and a beta of 1.94.

Diamond Estates Wines & Spirits (CVE:DWS) last released its earnings results on Thursday, August 22nd. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$6.17 million during the quarter. Diamond Estates Wines & Spirits had a negative net margin of 38.13% and a negative return on equity of 52.53%. Equities analysts forecast that Diamond Estates Wines & Spirits Inc. will post 0.0080623 EPS for the current fiscal year.

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.