Willamette Valley Vineyards (NASDAQ:WVVI) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.70 and traded as low as $2.54. Willamette Valley Vineyards shares last traded at $2.54, with a volume of 2,068 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Willamette Valley Vineyards in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Willamette Valley Vineyards presently has a consensus rating of “Sell”.

Willamette Valley Vineyards Price Performance

The stock has a market capitalization of $12.67 million, a price-to-earnings ratio of -4.16 and a beta of 0.20. The company has a 50 day moving average of $2.69 and a 200 day moving average of $2.70. The company has a quick ratio of 0.47, a current ratio of 3.45 and a debt-to-equity ratio of 0.63.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its earnings results on Wednesday, May 13th. The company reported ($0.24) earnings per share for the quarter. Willamette Valley Vineyards had a negative return on equity of 3.30% and a negative net margin of 1.99%.The business had revenue of $8.26 million for the quarter.

Institutional Investors Weigh In On Willamette Valley Vineyards

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Willamette Valley Vineyards in the second quarter valued at approximately $41,000. Susquehanna International Group LLP purchased a new position in Willamette Valley Vineyards during the third quarter worth approximately $39,000. EP Wealth Advisors LLC purchased a new position in Willamette Valley Vineyards during the fourth quarter worth approximately $48,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Willamette Valley Vineyards by 108,584.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock valued at $1,044,000 after purchasing an additional 342,042 shares during the last quarter. 12.24% of the stock is owned by institutional investors and hedge funds.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc (NASDAQ: WVVI) is an Oregon-based winery specializing in the cultivation, production and marketing of premium cool-climate wines. The company’s core business activities encompass estate vineyard management, winemaking, and direct-to-consumer sales through tasting rooms and wine clubs. Its portfolio features key varietals such as Pinot Noir, Pinot Gris, Chardonnay and Riesling, reflecting the unique terroir of the Willamette Valley American Viticultural Area (AVA).

Founded in 1983 by Jim Bernau, Willamette Valley Vineyards has grown from a small family operation into one of the leading publicly traded wineries in the United States.