Diamond Estates Wines & Spirits (CVE:DWS) Reaches New 52-Week Low – What’s Next?

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.18 and last traded at C$0.18, with a volume of 49160 shares changing hands. The stock had previously closed at C$0.19.

Diamond Estates Wines & Spirits Price Performance

The business has a 50-day moving average price of C$0.20 and a two-hundred day moving average price of C$0.24. The company has a quick ratio of 0.11, a current ratio of 0.90 and a debt-to-equity ratio of 122.17. The company has a market capitalization of C$10.71 million, a price-to-earnings ratio of -0.72 and a beta of 1.94.

About Diamond Estates Wines & Spirits

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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.

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