Willamette Valley Vineyards (NASDAQ:WVVI) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.76 and traded as low as $2.74. Willamette Valley Vineyards shares last traded at $2.6690, with a volume of 2,985 shares traded.

Willamette Valley Vineyards Price Performance

The company has a current ratio of 3.45, a quick ratio of 0.47 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $13.29 million, a PE ratio of -4.38 and a beta of 0.19. The stock’s 50-day moving average is $2.71 and its two-hundred day moving average is $2.76.

Willamette Valley Vineyards (NASDAQ:WVVI) last posted its quarterly earnings data 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 firm had revenue of $8.26 million during the quarter.

Hedge Funds Weigh In On Willamette Valley Vineyards

A number of institutional investors have recently modified their holdings of WVVI. Northwestern Mutual Wealth Management Co. increased its position in shares of Willamette Valley Vineyards by 108,584.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock worth $1,044,000 after acquiring an additional 342,042 shares during the period. Teton Advisors LLC purchased a new position in shares of Willamette Valley Vineyards during the third quarter worth approximately $82,000. EP Wealth Advisors LLC purchased a new position in shares of Willamette Valley Vineyards during the fourth quarter worth approximately $48,000. Susquehanna International Group LLP purchased a new position in shares of Willamette Valley Vineyards during the third quarter worth approximately $39,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Willamette Valley Vineyards during the second quarter worth approximately $41,000. 12.24% of the stock is owned by hedge funds and other institutional investors.

About Willamette Valley Vineyards

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.