Crimson Wine Group (OTCMKTS:CWGL) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Shares of Crimson Wine Group Ltd. (OTCMKTS:CWGLGet Free Report) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.60 and traded as low as $4.37. Crimson Wine Group shares last traded at $4.3943, with a volume of 899 shares traded.

Crimson Wine Group Trading Down 0.3%

The company’s 50 day simple moving average is $4.59 and its two-hundred day simple moving average is $4.90. The company has a market cap of $90.18 million, a PE ratio of 146.00 and a beta of 0.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 9.62 and a quick ratio of 3.72.

Crimson Wine Group (OTCMKTS:CWGLGet Free Report) last released its earnings results on Tuesday, March 17th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $20.31 million for the quarter. Crimson Wine Group had a return on equity of 0.33% and a net margin of 0.94%.

About Crimson Wine Group

(Get Free Report)

Crimson Wine Group, Inc is a U.S.-based premium wine company that acquires, manages and markets a diversified portfolio of estate vineyards and wineries. Founded in 1999 by Bill Paladino as a winery management and marketing platform, the company went public in 2012 and operates under the OTCMKTS ticker CWGL. Its core business centers on producing small-lot, high-quality wines and offering hospitality experiences at its owned and partner-operated properties.

The company’s portfolio spans multiple appellations in California and Oregon, including Napa Valley, Sonoma Coast and the Willamette Valley.

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