Diamond Estates Wines & Spirits (CVE:DWS) Shares Down 5.7% – Here’s Why

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWS) fell 5.7% on Tuesday . The stock traded as low as C$0.25 and last traded at C$0.25. 56,000 shares traded hands during 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 Stock Down 4.0 %

The company has a current ratio of 0.90, a quick ratio of 0.11 and a debt-to-equity ratio of 122.17. The stock has a market cap of C$14.28 million, a P/E ratio of -0.96 and a beta of 1.94. The firm has a 50-day simple moving average of C$0.30 and a two-hundred day simple moving average of C$0.25.

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