Willamette Valley Vineyards (NASDAQ:WVVI) Shares Pass Below 200 Day Moving Average – Should You Sell?
by Mitch Edgeman · The Markets DailyShares of Willamette Valley Vineyards, Inc. (NASDAQ:WVVI – Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.01 and traded as low as $2.56. Willamette Valley Vineyards shares last traded at $2.5850, with a volume of 2,391 shares changing hands.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Willamette Valley Vineyards in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.
Get Our Latest Analysis on Willamette Valley Vineyards
Willamette Valley Vineyards Price Performance
The stock’s 50-day simple moving average is $2.65 and its 200 day simple moving average is $3.00. The company has a quick ratio of 0.39, a current ratio of 2.70 and a debt-to-equity ratio of 0.61. The company has a market cap of $13.04 million, a price-to-earnings ratio of -4.16 and a beta of 0.29.
Willamette Valley Vineyards (NASDAQ:WVVI – Get Free Report) last announced its earnings results on Tuesday, March 24th. The company reported $0.05 earnings per share for the quarter. Willamette Valley Vineyards had a negative net margin of 2.47% and a negative return on equity of 3.90%. The company had revenue of $11.11 million during the quarter.
Institutional Trading of Willamette Valley Vineyards
Several institutional investors have recently added to or reduced their stakes in WVVI. Raymond James Financial Inc. purchased a new stake in Willamette Valley Vineyards in the second quarter valued at approximately $41,000. Teton Advisors LLC acquired a new position in Willamette Valley Vineyards during the 3rd quarter worth about $82,000. Susquehanna International Group LLP purchased a new position in Willamette Valley Vineyards during the 3rd quarter valued at about $39,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Willamette Valley Vineyards by 108,584.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock valued at $1,044,000 after acquiring an additional 342,042 shares during the period. Finally, EP Wealth Advisors LLC acquired a new position in Willamette Valley Vineyards in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 12.24% of the company’s stock.
About Willamette Valley Vineyards
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.