Initiates Coverage on Willamette Valley Vineyards (NASDAQ:WVVI)

Stock analysts at began coverage on shares of Willamette Valley Vineyards (NASDAQ:WVVIGet Free Report) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

Willamette Valley Vineyards Trading Up 2.3 %

NASDAQ WVVI opened at $5.29 on Thursday. Willamette Valley Vineyards has a 12 month low of $5.00 and a 12 month high of $6.59. The stock has a 50 day moving average of $5.61 and a 200-day moving average of $5.80. The company has a current ratio of 3.11, a quick ratio of 0.56 and a debt-to-equity ratio of 0.24. The company has a market cap of $26.24 million, a PE ratio of -7.67 and a beta of 0.70.

Willamette Valley Vineyards (NASDAQ:WVVIGet Free Report) last posted its quarterly earnings data on Monday, August 14th. The company reported ($0.08) earnings per share for the quarter. Willamette Valley Vineyards had a negative return on equity of 4.68% and a negative net margin of 3.79%. The firm had revenue of $10.73 million for the quarter.

Institutional Trading of Willamette Valley Vineyards

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Willamette Valley Vineyards by 4.1% in the first quarter. Vanguard Group Inc. now owns 213,403 shares of the company’s stock worth $1,931,000 after purchasing an additional 8,461 shares in the last quarter. UBS Group AG raised its holdings in shares of Willamette Valley Vineyards by 42.9% in the 1st quarter. UBS Group AG now owns 5,663 shares of the company’s stock valued at $51,000 after acquiring an additional 1,700 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of Willamette Valley Vineyards in the 2nd quarter valued at about $81,000. 11.95% of the stock is owned by institutional investors and hedge funds.

About Willamette Valley Vineyards

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Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, Blanc de Blancs, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Oregon Blossom branded wine under the Oregon Cellars label.

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