Diamond Estates Wines & Spirits (CVE:DWS) Reaches New 12-Month Low – What’s Next?
by Sarita Garza · The Markets DailyDiamond Estates Wines & Spirits Inc. (CVE:DWS – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.13 and last traded at C$0.13, with a volume of 32501 shares traded. The stock had previously closed at C$0.14.
Diamond Estates Wines & Spirits Stock Down 7.1%
The firm has a market cap of C$8.82 million, a price-to-earnings ratio of -6.50 and a beta of 1.24. 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 business’s 50-day moving average is C$0.15 and its 200-day moving average is C$0.17.
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.