Virgin Wines UK (LON:VINO) Trading Down 12.5% – Here’s Why

Virgin Wines UK PLC (LON:VINO)’s stock price dropped 12.5% on Friday . The stock traded as low as GBX 28 and last traded at GBX 29.32. Approximately 356,996 shares were traded during trading, an increase of 741% from the average daily volume of 42,463 shares. The stock had previously closed at GBX 33.50.

Virgin Wines UK Stock Performance

The company has a market capitalization of £13.95 million, a P/E ratio of 97.73 and a beta of 1.05. The company has a debt-to-equity ratio of 9.65, a current ratio of 1.51 and a quick ratio of 1.02. The company has a fifty day moving average price of GBX 41.59 and a two-hundred day moving average price of GBX 51.80.

Virgin Wines UK (LON:VINO) last announced its earnings results on Tuesday, March 17th. The company reported GBX (0.40) EPS for the quarter. Virgin Wines UK had a return on equity of 0.68% and a net margin of 0.25%. Equities analysts forecast that Virgin Wines UK PLC will post 3.6429872 earnings per share for the current fiscal year.

Virgin Wines UK Company Profile

Virgin Wines is one of the UK’s largest direct-to-consumer online wine retailers. It is an award-winning business which has a reputation for supplying and curating high quality products, excellent levels of customer service and innovative ways of retailing.

The Company, which is headquartered in Norwich, UK, was established in 2000 by the Virgin Group and was subsequently acquired by Direct Wines in 2005 before being bought out by the Virgin Wines management team, led by CEO Jay Wright and CFO Graeme Weir, in 2013.