Crimson Wine Group (OTCMKTS:CWGL) Share Price Passes Below 50 Day Moving Average – What’s Next?

Crimson Wine Group Ltd. (OTCMKTS:CWGLGet Free Report) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.28 and traded as low as $4.0949. Crimson Wine Group shares last traded at $4.25, with a volume of 5,253 shares traded.

Crimson Wine Group Trading Down 1.2%

The business has a fifty day moving average of $4.28 and a 200-day moving average of $4.63. The stock has a market capitalization of $87.49 million, a price-to-earnings ratio of 85.00 and a beta of 0.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 11.54 and a quick ratio of 3.29.

About Crimson Wine Group

(Get Free Report)

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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