Fresh Vine Wine (NYSEAMERICAN:VINE) Shares Down 1.2%

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) shares were down 1.2% on Tuesday . The company traded as low as $0.59 and last traded at $0.60. Approximately 41,041 shares changed hands during trading, a decline of 58% from the average daily volume of 97,901 shares. The stock had previously closed at $0.61.

Fresh Vine Wine Stock Down 1.2 %

The firm has a market capitalization of $9.63 million, a price-to-earnings ratio of -0.90 and a beta of 2.05.

Fresh Vine Wine (NYSEAMERICAN:VINE) last posted its quarterly earnings results on Friday, March 8th. The company reported ($0.12) EPS for the quarter. The company had revenue of $0.24 million during the quarter. Fresh Vine Wine had a negative net margin of 581.01% and a negative return on equity of 471.15%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Fresh Vine Wine stock. Brookstone Capital Management purchased a new position in shares of Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 53,390 shares of the company’s stock, valued at approximately $49,000. Brookstone Capital Management owned about 0.33% of Fresh Vine Wine at the end of the most recent quarter. Institutional investors own 23.00% of the company’s stock.

Fresh Vine Wine Company Profile

Fresh Vine Wine, Inc produces and sells low-carb and low-calorie wines in the United States and Puerto Rico. Its wine varietals include Cabernet Sauvignon, Chardonnay, Pinot Noir, Rosé, Sauvignon Blanc, Sparkling Rosé, and Reserve Napa Cabernet Sauvignon. The company sells its products through wholesale, retail, and direct-to-consumer channels.