Diamond Estates Wines & Spirits (CVE:DWS) Hits New 1-Year Low – Here’s Why

Diamond Estates Wines & Spirits Inc. (CVE:DWS)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as C$0.13 and last traded at C$0.14, with a volume of 50000 shares trading hands. The stock had previously closed at C$0.14.

Diamond Estates Wines & Spirits Stock Performance

The business has a fifty day simple moving average of C$0.15 and a 200 day simple moving average of C$0.17. The stock has a market cap of C$9.16 million, a price-to-earnings ratio of -6.75 and a beta of 1.24. The company has a debt-to-equity ratio of 122.17, a quick ratio of 0.11 and a current ratio of 0.90.

About Diamond Estates Wines & Spirits

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. The company also sells its products through liquor boards, licensed restaurants and bars, grocery chains, direct-to-consumer, and retail stores, as well as acts as a sales agent for beverage alcohol brands.