Virgin Wines UK (LON:VINO) Stock Price Up 3.5% – Here’s What Happened

Virgin Wines UK PLC (LON:VINO)’s share price shot up 3.5% during trading on Thursday . The stock traded as high as GBX 52.75 and last traded at GBX 51.26. 165,833 shares changed hands during mid-day trading, an increase of 69% from the average session volume of 98,205 shares. The stock had previously closed at GBX 49.50.

Virgin Wines UK Stock Up 1.2%

The company has a market capitalization of £26.78 million, a price-to-earnings ratio of 22.87 and a beta of 1.18. The company has a debt-to-equity ratio of 11.72, a quick ratio of 1.02 and a current ratio of 1.80. The business’s 50 day moving average is GBX 49.31 and its 200 day moving average is GBX 57.33.

Virgin Wines UK (LON:VINO) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported GBX 2.40 earnings per share (EPS) for the quarter. Virgin Wines UK had a net margin of 2.34% and a return on equity of 5.99%. Sell-side analysts anticipate that Virgin Wines UK PLC will post 3.6429872 earnings per share for the current year.

About Virgin Wines UK

Virgin Wines is one of the UK’s largest direct-to-consumer online wine retailers. It is an award-winning business which has a reputation for supplying and curating high quality products, excellent levels of customer service and innovative ways of retailing.

The Company, which is headquartered in Norwich, UK, was established in 2000 by the Virgin Group and was subsequently acquired by Direct Wines in 2005 before being bought out by the Virgin Wines management team, led by CEO Jay Wright and CFO Graeme Weir, in 2013.