Crimson Wine Group (OTCMKTS:CWGL) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Crimson Wine Group Ltd. (OTCMKTS:CWGL)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.98 and traded as high as $5.0325. Crimson Wine Group shares last traded at $5.0325, with a volume of 3,988 shares changing hands.

Crimson Wine Group Stock Performance

The stock has a 50-day moving average of $4.98 and a 200 day moving average of $5.15. The firm has a market capitalization of $103.62 million, a P/E ratio of 100.67 and a beta of 0.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.19 and a current ratio of 6.93.

About Crimson Wine Group

Crimson Wine Group, Inc is a U.S.-based premium wine company that acquires, manages and markets a diversified portfolio of estate vineyards and wineries. Founded in 1999 by Bill Paladino as a winery management and marketing platform, the company went public in 2012 and operates under the OTCMKTS ticker CWGL. Its core business centers on producing small-lot, high-quality wines and offering hospitality experiences at its owned and partner-operated properties.

The company’s portfolio spans multiple appellations in California and Oregon, including Napa Valley, Sonoma Coast and the Willamette Valley.