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

Diamond Estates Wines & Spirits Inc. (CVE:DWS) fell 5.7% during trading 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 Performance

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 company has a fifty day moving average price of C$0.30 and a 200 day moving average price of C$0.25. The company has a debt-to-equity ratio of 122.17, a current ratio of 0.90 and a quick ratio of 0.11.

Diamond Estates Wines & Spirits (CVE:DWS) last released its quarterly earnings data on Thursday, August 22nd. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$6.17 million for the quarter. Diamond Estates Wines & Spirits had a negative net margin of 38.13% and a negative return on equity of 52.53%. On average, equities analysts expect that Diamond Estates Wines & Spirits Inc. will post 0.0095913 EPS for the current 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.