Crimson Wine Group (OTCMKTS:CWGL) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Crimson Wine Group Ltd. (OTCMKTS:CWGL) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.98 and traded as high as $5.0325. Crimson Wine Group shares last traded at $5.0325, with a volume of 3,988 shares.

Crimson Wine Group Stock Performance

The firm has a fifty day moving average of $4.98 and a 200-day moving average of $5.15. 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 firm has a market cap of $103.62 million, a P/E ratio of 100.67 and a beta of 0.51.

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.