Willamette Valley Vineyards (NASDAQ:WVVI) Stock Passes Below 200 Day Moving Average – What’s Next?

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.69 and traded as low as $2.40. Willamette Valley Vineyards shares last traded at $2.40, with a volume of 8,678 shares changing hands.

Wall Street Analysts Forecast Growth

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

Willamette Valley Vineyards Price Performance

The company has a current ratio of 3.45, a quick ratio of 0.47 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $2.66 and a 200-day simple moving average of $2.69. The stock has a market cap of $11.98 million, a price-to-earnings ratio of -3.93 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) EPS 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.

Hedge Funds Weigh In On Willamette Valley Vineyards

Several large investors have recently bought and sold shares of WVVI. Susquehanna International Group LLP acquired a new stake in Willamette Valley Vineyards in the 3rd quarter worth $39,000. Raymond James Financial Inc. acquired a new position in shares of Willamette Valley Vineyards during the second quarter valued at about $41,000. EP Wealth Advisors LLC acquired a new position in shares of Willamette Valley Vineyards during the fourth quarter valued at about $48,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Willamette Valley Vineyards by 108,584.8% in 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 period. 12.24% of the stock is currently owned by institutional investors and hedge funds.

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.