Scheid Vineyards (OTCMKTS:SVIN) Releases Quarterly Earnings Results

Scheid Vineyards (OTCMKTS:SVIN) announced its quarterly earnings results on Tuesday. The company reported ($3.35) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $13.35 million during the quarter.

Scheid Vineyards Price Performance

OTCMKTS SVIN remained flat at $0.55 during trading hours on Thursday. The company had a trading volume of 2,000 shares, compared to its average volume of 348. The business’s 50 day moving average price is $0.66 and its 200-day moving average price is $0.96. Scheid Vineyards has a twelve month low of $0.54 and a twelve month high of $2.23. The firm has a market capitalization of $506,920.00, a P/E ratio of -0.02 and a beta of -0.40.

Scheid Vineyards Company Profile

Scheid Vineyards Inc is a California-based wine company engaged in growing wine grapes and producing, marketing and selling wines. The company operates primarily in Monterey County, where the region’s coastal climate supports the cultivation of a range of grape varieties.

The company produces wines under the Scheid Vineyards name and offers varietals and blends made from estate-grown and other Central Coast grapes. Its portfolio has included wines associated with Monterey County and the broader California Central Coast, and its products are distributed through retail, restaurant and direct-to-consumer channels.

Scheid Vineyards was founded by Al Scheid in 1972 as a vineyard-development and grape-growing business before expanding into wine production.