Willamette Valley Vineyards (NASDAQ:WVVI) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.70 and traded as low as $2.54. Willamette Valley Vineyards shares last traded at $2.54, with a volume of 2,068 shares.

Analysts Set New Price Targets

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

Willamette Valley Vineyards Stock Down 5.9%

The company has a market cap of $12.67 million, a PE ratio of -4.16 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. The firm’s fifty day simple moving average is $2.69 and its 200-day simple moving average is $2.70.

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

Hedge Funds Weigh In On Willamette Valley Vineyards

A number of institutional investors have recently made changes to their positions in WVVI. Northwestern Mutual Wealth Management Co. lifted its position in shares of Willamette Valley Vineyards by 108,584.8% in the fourth 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. Susquehanna International Group LLP purchased a new stake in Willamette Valley Vineyards during the 3rd quarter worth about $39,000. EP Wealth Advisors LLC purchased a new stake in Willamette Valley Vineyards during the 4th quarter worth about $48,000. Finally, Raymond James Financial Inc. acquired a new position in Willamette Valley Vineyards in the 2nd quarter valued at about $41,000. 12.24% of the stock is 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.