Crimson Wine Group (OTCMKTS:CWGL) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Crimson Wine Group Ltd. (OTCMKTS:CWGLGet Free Report)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.45 and traded as low as $4.15. Crimson Wine Group shares last traded at $4.15, with a volume of 103 shares trading hands.

Crimson Wine Group Stock Up 1.2%

The firm has a market cap of $85.45 million, a P/E ratio of 83.00 and a beta of 0.42. The company’s 50-day simple moving average is $4.25 and its 200 day simple moving average is $4.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 11.54 and a quick ratio of 3.29.

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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