Scheid Vineyards (OTCMKTS:SVIN) Shares Down 2.7% – Here’s Why

Scheid Vineyards Inc. (OTCMKTS:SVINGet Free Report)’s share price dropped 2.7% on Thursday . The company traded as low as $1.07 and last traded at $1.07. Approximately 650 shares changed hands during mid-day trading, an increase of 66% from the average daily volume of 393 shares. The stock had previously closed at $1.10.

Scheid Vineyards Trading Down 2.7%

The company has a market capitalization of $984,400.00, a PE ratio of -0.03 and a beta of -0.36. The stock’s 50-day moving average is $1.46 and its two-hundred day moving average is $1.62.

About Scheid Vineyards

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Scheid Vineyards Inc is a California-based, family-owned wine company specializing in vineyard management, grape production and winemaking services. Founded in 1972 by Bill Scheid, the company has grown from a single ranch operation into an integrated grower–producer providing grapes and finished wine to clients across the United States.

The company manages estate vineyards throughout the Central Coast region of California, including Monterey, Salinas Valley and parts of San Luis Obispo County.

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