Diamond Estates Wines & Spirits (CVE:DWS) Shares Down 5.7% – What’s Next?

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s share price traded down 5.7% during trading on Tuesday . The stock traded as low as C$0.25 and last traded at C$0.25. 56,000 shares changed hands during mid-day trading, an increase of 89% from the average session volume of 29,575 shares. The stock had previously closed at C$0.27.

Diamond Estates Wines & Spirits Price Performance

The company has a market cap of C$14.88 million, a P/E ratio of -1.00 and a beta of 1.94. The stock has a 50-day simple moving average of C$0.30 and a 200 day simple moving average of C$0.25. The company has a debt-to-equity ratio of 122.17, a quick ratio of 0.11 and a current ratio of 0.90.

Diamond Estates Wines & Spirits (CVE:DWS) last issued its earnings results on Thursday, August 22nd. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$6.17 million during the quarter. Diamond Estates Wines & Spirits had a negative return on equity of 52.53% and a negative net margin of 38.13%. On average, equities analysts expect that Diamond Estates Wines & Spirits Inc. will post 0.0095913 EPS for the current 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.