Scheid Vineyards (OTCMKTS:SVIN) Stock Price Down 3% – Should You Sell?

Shares of Scheid Vineyards Inc. (OTCMKTS:SVINGet Free Report) fell 3% during mid-day trading on Wednesday . The company traded as low as $0.6886 and last traded at $0.6886. Approximately 200 shares changed hands during trading, a decline of 60% from the average session volume of 503 shares. The stock had previously closed at $0.71.

Scheid Vineyards Trading Down 3.0%

The firm has a 50 day moving average price of $0.99 and a 200 day moving average price of $1.45. The stock has a market capitalization of $633,512.00, a PE ratio of -0.03 and a beta of -0.38.

Scheid Vineyards (OTCMKTS:SVINGet Free Report) last released its earnings results on Monday, June 15th. The company reported ($7.62) earnings per share for the quarter. The company had revenue of $15.05 million during the quarter.

Scheid Vineyards Company Profile

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Scheid Vineyards Inc is a California-based, family-owned wine company specializing in vineyard management, grape production and winemaking services. Founded in 1972 by Bill Scheid, the company has grown from a single ranch operation into an integrated grower–producer providing grapes and finished wine to clients across the United States.

The company manages estate vineyards throughout the Central Coast region of California, including Monterey, Salinas Valley and parts of San Luis Obispo County.

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