Willamette Valley Vineyards (NASDAQ:WVVI) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.74 and traded as low as $2.60. Willamette Valley Vineyards shares last traded at $2.70, with a volume of 13,489 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Willamette Valley Vineyards in a report on Wednesday, June 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Willamette Valley Vineyards Price Performance

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.47 and a current ratio of 3.45. The company has a market cap of $13.47 million, a PE ratio of -4.43 and a beta of 0.20. The company’s 50-day simple moving average is $2.71 and its 200 day simple moving average is $2.74.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its earnings results on Wednesday, May 13th. The company reported ($0.24) EPS for the quarter. Willamette Valley Vineyards had a negative return on equity of 3.30% and a negative net margin of 1.99%.The company had revenue of $8.26 million for the quarter.

Hedge Funds Weigh In On Willamette Valley Vineyards

A number of large investors have recently bought and sold shares of WVVI. Raymond James Financial Inc. acquired a new stake in shares of Willamette Valley Vineyards in the second quarter worth approximately $41,000. Susquehanna International Group LLP purchased a new stake in shares of Willamette Valley Vineyards in the third quarter worth about $39,000. EP Wealth Advisors LLC acquired a new stake in Willamette Valley Vineyards in the fourth quarter valued at approximately $48,000. Teton Advisors LLC acquired a new stake in Willamette Valley Vineyards during the 3rd quarter valued at $82,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Willamette Valley Vineyards by 108,584.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock worth $1,044,000 after acquiring an additional 342,042 shares during the last quarter. Hedge funds and other institutional investors own 12.24% of the company’s stock.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc (NASDAQ: WVVI) is an Oregon-based winery specializing in the cultivation, production and marketing of premium cool-climate wines. The company’s core business activities encompass estate vineyard management, winemaking, and direct-to-consumer sales through tasting rooms and wine clubs. Its portfolio features key varietals such as Pinot Noir, Pinot Gris, Chardonnay and Riesling, reflecting the unique terroir of the Willamette Valley American Viticultural Area (AVA).

Founded in 1983 by Jim Bernau, Willamette Valley Vineyards has grown from a small family operation into one of the leading publicly traded wineries in the United States.