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

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.63 and traded as low as $2.14. Willamette Valley Vineyards shares last traded at $2.21, with a volume of 8,720 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Willamette Valley Vineyards in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Willamette Valley Vineyards Stock Up 1.4%

The firm has a market cap of $11.16 million, a PE ratio of -2.43 and a beta of 0.20. 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 business has a 50-day moving average price of $2.52 and a two-hundred day moving average price of $2.63.

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

Institutional Trading of Willamette Valley Vineyards

A number of large investors have recently made changes to their positions in WVVI. Susquehanna International Group LLP purchased a new stake in Willamette Valley Vineyards during the 3rd quarter worth about $39,000. EP Wealth Advisors LLC purchased a new position in shares of Willamette Valley Vineyards in the 2nd quarter valued at $41,000. Raymond James Financial Inc. acquired a new stake in Willamette Valley Vineyards during the 2nd quarter worth $41,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Willamette Valley Vineyards by 108,584.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock valued at $1,044,000 after acquiring an additional 342,042 shares during the last quarter. 12.24% of the stock is currently owned by hedge funds and other 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.