Scheid Vineyards (OTCMKTS:SVIN) Announces Quarterly Earnings Results

Scheid Vineyards (OTCMKTS:SVIN) announced its earnings results on Tuesday. The company reported ($3.35) EPS for the quarter, Zacks reports. The business had revenue of $13.35 million during the quarter.

Scheid Vineyards Price Performance

Shares of SVIN remained flat at $0.55 during mid-day trading on Thursday. The stock had a trading volume of 2,000 shares, compared to its average volume of 348. The company has a market capitalization of $506,920.00, a PE ratio of -0.02 and a beta of -0.40. The stock has a 50 day simple moving average of $0.66 and a 200 day simple moving average of $0.96. Scheid Vineyards has a 52 week low of $0.54 and a 52 week high of $2.23.

Scheid Vineyards Company Profile

Scheid Vineyards Inc is a California-based wine company engaged in growing wine grapes and producing, marketing and selling wines. The company operates primarily in Monterey County, where the region’s coastal climate supports the cultivation of a range of grape varieties.

The company produces wines under the Scheid Vineyards name and offers varietals and blends made from estate-grown and other Central Coast grapes. Its portfolio has included wines associated with Monterey County and the broader California Central Coast, and its products are distributed through retail, restaurant and direct-to-consumer channels.

Scheid Vineyards was founded by Al Scheid in 1972 as a vineyard-development and grape-growing business before expanding into wine production.