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

Shares of Diamond Estates Wines & Spirits Inc. (CVE:DWSGet Free Report) dropped 2.2% on Tuesday . The company traded as low as C$0.22 and last traded at C$0.22. Approximately 2,416 shares traded hands during 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 Price Performance

The company has a debt-to-equity ratio of 122.17, a current ratio of 0.90 and a quick ratio of 0.11. The firm has a market cap of C$13.09 million, a P/E ratio of -0.88 and a beta of 1.94. The stock’s 50-day simple moving average is C$0.29 and its two-hundred day simple moving average is C$0.25.

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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