Crimson Wine Group (OTCMKTS:CWGL) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Crimson Wine Group Ltd. (OTCMKTS:CWGLGet Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $4.90 and traded as low as $4.55. Crimson Wine Group shares last traded at $4.55, with a volume of 1,060 shares traded.

Crimson Wine Group Price Performance

The company has a current ratio of 6.93, a quick ratio of 2.19 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $4.90 and a 200 day simple moving average of $5.06. The stock has a market cap of $93.68 million, a P/E ratio of 91.02 and a beta of 0.51.

Crimson Wine Group Company Profile

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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.

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