Crimson Wine Group (OTCMKTS:CWGL) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Crimson Wine Group Ltd. (OTCMKTS:CWGLGet Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.27 and traded as high as $4.3610. Crimson Wine Group shares last traded at $4.3610, with a volume of 632 shares.

Crimson Wine Group Price Performance

The company has a market cap of $89.79 million, a P/E ratio of 87.22 and a beta of 0.42. The firm’s 50-day moving average is $4.27 and its two-hundred day moving average is $4.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 11.54 and a quick ratio of 3.29.

Crimson Wine Group Company Profile

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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.

Further Reading

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