Willamette Valley Vineyards (NASDAQ:WVVI) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.65 and traded as low as $2.16. Willamette Valley Vineyards shares last traded at $2.24, with a volume of 14,999 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Willamette Valley Vineyards in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Willamette Valley Vineyards Stock Down 3.1%

The company has a quick ratio of 0.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $10.76 million, a price-to-earnings ratio of -2.35 and a beta of 0.20. The stock has a 50 day moving average of $2.57 and a 200 day moving average of $2.65.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its earnings results on Wednesday, August 12th. The company reported ($0.40) EPS for the quarter. The firm had revenue of $10.04 million for the quarter. Willamette Valley Vineyards had a negative return on equity of 10.31% and a negative net margin of 5.93%.

Hedge Funds Weigh In On Willamette Valley Vineyards

Several large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in 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 valued at $1,044,000 after purchasing an additional 342,042 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Willamette Valley Vineyards in the 2nd quarter worth about $41,000. Susquehanna International Group LLP acquired a new position in shares of Willamette Valley Vineyards in the 3rd quarter valued at about $39,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Willamette Valley Vineyards in the 2nd quarter valued at about $41,000. 12.24% of the stock is currently owned by institutional investors.

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.