Willamette Valley Vineyards (NASDAQ:WVVI) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.68 and traded as low as $2.56. Willamette Valley Vineyards shares last traded at $2.6080, with a volume of 3,259 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Willamette Valley Vineyards in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Willamette Valley Vineyards Price Performance

The company has a quick ratio of 0.37, a current ratio of 4.07 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $3.51 and its 200 day moving average price is $4.64. The firm has a market cap of $12.46 million, a price-to-earnings ratio of -4.74 and a beta of 0.35.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its earnings results on Thursday, November 13th. The company reported ($0.33) earnings per share for the quarter. The firm had revenue of $8.35 million for the quarter. Willamette Valley Vineyards had a negative return on equity of 3.94% and a negative net margin of 2.58%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of WVVI. Susquehanna International Group LLP acquired a new stake in Willamette Valley Vineyards during the third quarter worth $39,000. Raymond James Financial Inc. bought a new position in shares of Willamette Valley Vineyards during the 2nd quarter worth about $41,000. Teton Advisors LLC acquired a new stake in shares of Willamette Valley Vineyards during the 3rd quarter valued at about $82,000. Finally, FreeGulliver LLC acquired a new stake in shares of Willamette Valley Vineyards during the 1st quarter valued at about $384,000. 12.24% of the stock is owned by institutional investors.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company operates through two segments, Direct Sales and Distributor Sales. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Brut, Brut Rose, and Blanc de Blancs under the Domaine Willamette label.