Willamette Valley Vineyards (NASDAQ:WVVI) Shares Cross Above Fifty Day Moving Average – Here’s Why

by · The Cerbat Gem

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI – Get Free Report)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.02 and traded as high as $3.13. Willamette Valley Vineyards shares last traded at $3.08, with a volume of 15,330 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Willamette Valley Vineyards in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Check Out Our Latest Research Report on WVVI

Willamette Valley Vineyards Trading Up 3.9%

The stock has a market capitalization of $15.87 million, a P/E ratio of -4.78 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. The stock’s 50 day moving average price is $3.01 and its 200-day moving average price is $4.11.

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

Hedge Funds Weigh In On Willamette Valley Vineyards

Several institutional investors and hedge funds have recently added to or reduced their stakes in WVVI. Susquehanna International Group LLP bought a new stake in shares of Willamette Valley Vineyards in the 3rd quarter valued at about $39,000. Raymond James Financial Inc. acquired a new stake in Willamette Valley Vineyards in the second quarter valued at approximately $41,000. Teton Advisors LLC purchased a new position in Willamette Valley Vineyards in the third quarter worth $82,000. Finally, FreeGulliver LLC grew its holdings in Willamette Valley Vineyards by 57.6% in the second quarter. FreeGulliver LLC now owns 101,969 shares of the company’s stock worth $563,000 after purchasing an additional 37,254 shares during the last quarter. Hedge funds and other institutional investors own 12.24% of the company’s stock.

About Willamette Valley Vineyards

(Get Free Report)

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.

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