Crimson Wine Group (OTCMKTS:CWGL) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Crimson Wine Group Ltd. (OTCMKTS:CWGLGet Free Report) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.90 and traded as low as $4.55. Crimson Wine Group shares last traded at $4.55, with a volume of 1,060 shares trading hands.

Crimson Wine Group Stock Up 0.2%

The firm has a 50 day simple moving average of $4.88 and a two-hundred day simple moving average of $5.06. The stock has a market capitalization of $92.86 million, a P/E ratio of 90.22 and a beta of 0.51. The company has a quick ratio of 2.19, a current ratio of 6.93 and a debt-to-equity ratio of 0.08.

About Crimson Wine Group

(Get Free Report)

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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