Crimson Wine Group (OTCMKTS:CWGL) Shares Pass Above 50 Day Moving Average – Should You Sell?

Crimson Wine Group Ltd. (OTCMKTS:CWGLGet Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.32 and traded as high as $4.4768. Crimson Wine Group shares last traded at $4.4680, with a volume of 1,935 shares trading hands.

Crimson Wine Group Stock Down 0.9%

The stock has a 50-day simple moving average of $4.32 and a two-hundred day simple moving average of $4.69. The company has a quick ratio of 3.29, a current ratio of 11.54 and a debt-to-equity ratio of 0.23. The firm has a market cap of $91.21 million, a PE ratio of 88.60 and a beta of 0.42.

Crimson Wine Group (OTCMKTS:CWGLGet Free Report) last released its quarterly earnings results on Tuesday, March 17th. The company reported $0.04 earnings per share for the quarter. Crimson Wine Group had a return on equity of 0.49% and a net margin of 1.33%.The business had revenue of $20.31 million for the quarter.

Crimson Wine Group Company Profile

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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.

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