Willamette Valley Vineyards (NASDAQ:WVVI) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Shares of 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 $2.58 and traded as low as $1.90. Willamette Valley Vineyards shares last traded at $1.93, with a volume of 3,362 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Willamette Valley Vineyards in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Willamette Valley Vineyards Price Performance

The company has a market cap of $10.66 million, a price-to-earnings ratio of -2.33 and a beta of 0.18. 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 company’s fifty day moving average price is $2.37 and its two-hundred day moving average price is $2.58.

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

Institutional Trading of Willamette Valley Vineyards

An institutional investor recently bought a new stake in Willamette Valley Vineyards stock. EP Wealth Advisors LLC bought a new stake in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,168 shares of the company’s stock, valued at approximately $41,000. EP Wealth Advisors LLC owned approximately 0.32% of Willamette Valley Vineyards as of its most recent filing with the Securities and Exchange Commission. 12.24% of the stock is currently owned by institutional investors and hedge funds.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards is an Oregon-based wine producer that makes and sells premium wines, with a focus on Pinot Noir and other varieties suited to the Pacific Northwest. Its portfolio also includes Pinot Gris, Chardonnay, Riesling and other wines produced from grapes grown in Oregon’s Willamette Valley and surrounding regions.

Founded in 1988 by Jim Bernau, the company operates estate vineyards, wineries and tasting-room facilities in Oregon. Its business includes wine production, direct-to-consumer sales, wine clubs, tasting experiences and hospitality services.