Scheid Vineyards (OTCMKTS:SVIN) Shares Down 3% – Here’s Why

Shares of Scheid Vineyards Inc. (OTCMKTS:SVINGet Free Report) traded down 3% during trading on Wednesday . The company traded as low as $0.6886 and last traded at $0.6886. 200 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 503 shares. The stock had previously closed at $0.71.

Scheid Vineyards Stock Performance

The company has a market cap of $633,512.00, a P/E ratio of -0.03 and a beta of -0.38. The business’s 50-day moving average price is $0.98 and its 200 day moving average price is $1.44.

Scheid Vineyards (OTCMKTS:SVINGet Free Report) last issued its earnings results on Monday, June 15th. The company reported ($7.62) earnings per share (EPS) for the quarter. The firm had revenue of $15.05 million for the quarter.

About Scheid Vineyards

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Scheid Vineyards Inc is a California-based, family-owned wine company specializing in vineyard management, grape production and winemaking services. Founded in 1972 by Bill Scheid, the company has grown from a single ranch operation into an integrated grower–producer providing grapes and finished wine to clients across the United States.

The company manages estate vineyards throughout the Central Coast region of California, including Monterey, Salinas Valley and parts of San Luis Obispo County.

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