Virgin Wines UK (LON:VINO) Trading Down 1.8% – Here’s Why

Virgin Wines UK PLC (LON:VINO)’s share price dropped 1.8% during trading on Wednesday . The company traded as low as GBX 28 and last traded at GBX 28. 2,758 shares traded hands during trading, a decline of 94% from the average session volume of 45,871 shares. The stock had previously closed at GBX 28.50.

Virgin Wines UK Trading Down 1.8%

The business has a 50-day simple moving average of GBX 34.62 and a two-hundred day simple moving average of GBX 48.76. The stock has a market cap of £13.32 million, a price-to-earnings ratio of 93.33 and a beta of 1.05. The company has a debt-to-equity ratio of 9.65, a current ratio of 1.51 and a quick ratio of 1.02.

Virgin Wines UK Company Profile

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.