Willamette Valley Vineyards (NASDAQ:WVVI) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.69 and traded as low as $2.40. Willamette Valley Vineyards shares last traded at $2.40, with a volume of 8,678 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Willamette Valley Vineyards in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Willamette Valley Vineyards Stock Down 0.4%

The firm has a 50 day moving average of $2.66 and a two-hundred day moving average of $2.68. The firm has a market capitalization of $11.93 million, a price-to-earnings ratio of -3.92 and a beta of 0.20. The company has a quick ratio of 0.47, a current ratio of 3.45 and a debt-to-equity ratio of 0.63.

Willamette Valley Vineyards (NASDAQ:WVVI) last issued its earnings results on Wednesday, May 13th. The company reported ($0.24) EPS for the quarter. The business had revenue of $8.26 million for the quarter. Willamette Valley Vineyards had a negative return on equity of 3.30% and a negative net margin of 1.99%.

Hedge Funds Weigh In On Willamette Valley Vineyards

A number of institutional investors have recently added to or reduced their stakes in WVVI. Susquehanna International Group LLP acquired a new stake in Willamette Valley Vineyards in the third quarter valued at approximately $39,000. Raymond James Financial Inc. bought a new position in shares of Willamette Valley Vineyards in the 2nd quarter valued at $41,000. EP Wealth Advisors LLC bought a new position in shares of Willamette Valley Vineyards in the 4th quarter valued at $48,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Willamette Valley Vineyards by 108,584.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock valued at $1,044,000 after acquiring an additional 342,042 shares in the last quarter. 12.24% of the stock is currently owned by institutional investors and hedge funds.

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.