Willamette Valley Vineyards (NASDAQ:WVVI) Announces Earnings Results

Willamette Valley Vineyards (NASDAQ:WVVI) released its earnings results on Thursday. The company reported ($0.33) earnings per share for the quarter, FiscalAI reports. Willamette Valley Vineyards had a negative return on equity of 10.31% and a negative net margin of 5.93%. The company had revenue of $8.90 million for the quarter.

Willamette Valley Vineyards Stock Performance

NASDAQ:WVVI traded down $0.15 during midday trading on Thursday, hitting $1.51. The company’s stock had a trading volume of 6,215 shares, compared to its average volume of 8,813. Willamette Valley Vineyards has a fifty-two week low of $1.51 and a fifty-two week high of $3.40. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.92 and a quick ratio of 0.36. The firm has a market cap of $7.52 million, a P/E ratio of -1.64 and a beta of 0.12. The firm’s 50 day moving average is $1.92 and its 200-day moving average is $2.45.

Institutional Trading of Willamette Valley Vineyards

A hedge fund recently bought a new position in Willamette Valley Vineyards stock. EP Wealth Advisors LLC acquired a new position in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,168 shares of the company’s stock, valued at approximately $41,000. EP Wealth Advisors LLC owned 0.32% of Willamette Valley Vineyards at the end of the most recent reporting period. Institutional investors own 12.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Willamette Valley Vineyards in a report on Monday, September 21st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Willamette Valley Vineyards currently has an average rating of “Sell”.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc. is an Oregon-based wine producer founded in 1983 by Jim Bernau. The company focuses on producing premium wines from grapes grown in Oregon, with an emphasis on Pinot Noir, along with Chardonnay, Pinot Gris, Riesling and other varietals. The company owns and manages estate vineyards in Oregon’s Willamette Valley and sources grapes from additional vineyards in the state. Its products are sold under the Willamette Valley Vineyards brand and other labels, including wines associated with its estate and regional wine operations.