Willamette Valley Vineyards (NASDAQ:WVVI) Shares Cross Below 200-Day Moving Average – Here’s Why

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.85 and traded as low as $2.73. Willamette Valley Vineyards shares last traded at $2.76, with a volume of 2,313 shares.

Willamette Valley Vineyards Trading Down 1.8%

The stock has a market capitalization of $13.74 million, a P/E ratio of -4.38 and a beta of 0.19. The company has a current ratio of 2.70, a quick ratio of 0.39 and a debt-to-equity ratio of 0.61. The stock’s fifty day moving average price is $2.65 and its two-hundred day moving average price is $2.85.

Willamette Valley Vineyards (NASDAQ:WVVI) last announced its quarterly earnings data on Tuesday, March 24th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $11.11 million during the quarter. Willamette Valley Vineyards had a negative net margin of 2.47% and a negative return on equity of 3.90%.

Institutional Investors Weigh In On Willamette Valley Vineyards

Hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new stake in shares of Willamette Valley Vineyards in the 3rd quarter worth approximately $39,000. Raymond James Financial Inc. bought a new stake in shares of Willamette Valley Vineyards in the 2nd quarter worth approximately $41,000. EP Wealth Advisors LLC bought a new stake in shares of Willamette Valley Vineyards in the 4th quarter worth approximately $48,000. Teton Advisors LLC bought a new stake in Willamette Valley Vineyards during the 3rd quarter valued at $82,000. Finally, Northwestern Mutual Wealth Management Co. raised 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 buying an additional 342,042 shares during the last quarter. 12.24% of the stock is currently owned by institutional investors.

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.