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

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.64 and traded as low as $2.79. Willamette Valley Vineyards shares last traded at $2.79, with a volume of 2,364 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Willamette Valley Vineyards in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Willamette Valley Vineyards Stock Down 1.4%

The stock’s fifty day moving average price is $2.91 and its 200-day moving average price is $3.64. The company has a market capitalization of $13.85 million, a price-to-earnings ratio of -4.04 and a beta of 0.32. The company has a quick ratio of 0.30, a current ratio of 3.12 and a debt-to-equity ratio of 0.63.

Willamette Valley Vineyards (NASDAQ:WVVI) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.33) earnings per share (EPS) for the quarter. Willamette Valley Vineyards had a negative net margin of 4.82% and a negative return on equity of 7.41%. The business had revenue of $8.35 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. FreeGulliver LLC raised its stake in shares of Willamette Valley Vineyards by 57.6% during the 2nd quarter. FreeGulliver LLC now owns 101,969 shares of the company’s stock worth $563,000 after purchasing an additional 37,254 shares in the last quarter. Teton Advisors LLC acquired a new position in Willamette Valley Vineyards during the third quarter worth $82,000. Susquehanna International Group LLP bought a new stake in Willamette Valley Vineyards during the third quarter worth $39,000. Finally, Raymond James Financial Inc. acquired a new stake in Willamette Valley Vineyards in the second quarter valued at $41,000. 12.24% of the stock is currently owned by institutional investors.

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.