Crimson Wine Group (OTCMKTS:CWGL) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Crimson Wine Group Ltd. (OTCMKTS:CWGL) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.08 and traded as low as $4.95. Crimson Wine Group shares last traded at $5.05, with a volume of 26,276 shares trading hands.

Crimson Wine Group Price Performance

The stock has a market capitalization of $103.05 million, a price-to-earnings ratio of 100.12 and a beta of 0.49. The company has a fifty day simple moving average of $5.08 and a 200 day simple moving average of $5.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.19 and a current ratio of 6.93.

Crimson Wine Group (OTCMKTS:CWGL) last released its earnings results on Thursday, November 6th. The company reported $0.05 earnings per share for the quarter. Crimson Wine Group had a net margin of 1.76% and a return on equity of 0.64%.

About Crimson Wine Group

Crimson Wine Group, Inc is a U.S.-based premium wine company that acquires, manages and markets a diversified portfolio of estate vineyards and wineries. Founded in 1999 by Bill Paladino as a winery management and marketing platform, the company went public in 2012 and operates under the OTCMKTS ticker CWGL. Its core business centers on producing small-lot, high-quality wines and offering hospitality experiences at its owned and partner-operated properties.

The company’s portfolio spans multiple appellations in California and Oregon, including Napa Valley, Sonoma Coast and the Willamette Valley.