Willamette Valley Vineyards (NASDAQ:WVVI) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.72 and traded as low as $2.71. Willamette Valley Vineyards shares last traded at $2.74, with a volume of 3,482 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Willamette Valley Vineyards in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Willamette Valley Vineyards presently has a consensus rating of “Sell”.

Willamette Valley Vineyards Stock Performance

The business has a 50 day simple moving average of $2.70 and a 200 day simple moving average of $2.72. The company has a quick ratio of 0.47, a current ratio of 3.45 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $13.47 million, a PE ratio of -4.43 and a beta of 0.20.

Willamette Valley Vineyards (NASDAQ:WVVI) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.24) earnings per share for the quarter. Willamette Valley Vineyards had a negative return on equity of 3.30% and a negative net margin of 1.99%.The business had revenue of $8.26 million for the quarter.

Institutional Trading of Willamette Valley Vineyards

Large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new position in Willamette Valley Vineyards during the 3rd quarter valued at approximately $39,000. Raymond James Financial Inc. acquired a new stake in shares of Willamette Valley Vineyards during the second quarter worth $41,000. EP Wealth Advisors LLC purchased a new stake in shares of Willamette Valley Vineyards during the fourth quarter valued at $48,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of 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 buying an additional 342,042 shares during the last quarter. Hedge funds and other institutional investors own 12.24% of the company’s stock.

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.