Crimson Wine Group (OTCMKTS:CWGL) Shares Break Above Fifty Day Moving Average – Time to Sell?

Crimson Wine Group Ltd. (OTCMKTS:CWGL – Get Free Report)’s stock price crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $4.26 and traded as high as $4.47. Crimson Wine Group shares last traded at $4.45, with a volume of 10,428 shares traded.

Crimson Wine Group Price Performance

The firm’s 50-day moving average is $4.26 and its two-hundred day moving average is $4.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 10.52 and a quick ratio of 2.86. The company has a market cap of $92.66 million, a P/E ratio of 90.00 and a beta of 0.42.

Crimson Wine Group Company Profile

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Crimson Wine Group, Ltd. is a wine producer and marketer focused on premium and luxury wines. The company manages a portfolio of winery brands that produce wines from regions including Napa Valley, Sonoma County and other areas of California, as well as Oregon and Washington.

Its portfolio has included Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon and Seven Apart. The company’s wines span varietals such as Cabernet Sauvignon, Pinot Noir, Chardonnay and Zinfandel, with products sold through wholesale distributors, retail channels and direct-to-consumer operations.

Crimson Wine Group also operates winery tasting rooms and hospitality programs that support its direct relationships with consumers and wine-club members.

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