Diamond Estates Wines & Spirits (CVE:DWS) Shares Down 2.2% – Should You Sell?

Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) was down 2.2% during trading on Tuesday . The stock traded as low as C$0.22 and last traded at C$0.22. Approximately 2,416 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 28,983 shares. The stock had previously closed at C$0.23.

Diamond Estates Wines & Spirits Trading Down 2.4 %

The company has a 50 day moving average of C$0.28 and a 200 day 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. The stock has a market capitalization of C$12.20 million, a price-to-earnings ratio of -0.84 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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