Crimson Wine Group (OTCMKTS:CWGL) Share Price Passes Above Fifty Day Moving Average – What’s Next?

Crimson Wine Group Ltd. (OTCMKTS:CWGL) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.01 and traded as high as $5.1317. Crimson Wine Group shares last traded at $4.95, with a volume of 13,084 shares traded.

Crimson Wine Group Price Performance

The company has a market capitalization of $101.92 million, a P/E ratio of 99.02 and a beta of 0.48. The company has a quick ratio of 2.19, a current ratio of 6.93 and a debt-to-equity ratio of 0.08. The business has a 50 day simple moving average of $5.01 and a 200-day simple moving average of $5.27.

Crimson Wine Group (OTCMKTS:CWGL) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.05 EPS for the quarter. Crimson Wine Group had a net margin of 1.76% and a return on equity of 0.64%.

About Crimson Wine Group

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.