Virgin Wines UK (LON:VINO) Trading Down 4.1% – Here’s Why

Virgin Wines UK PLC (LON:VINO)’s share price was down 4.1% on Friday . The company traded as low as GBX 52 ($0.70) and last traded at GBX 52.25 ($0.71). Approximately 34,742 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 106,583 shares. The stock had previously closed at GBX 54.50 ($0.74).

Virgin Wines UK Stock Performance

The business’s 50-day simple moving average is GBX 64.53 and its two-hundred day simple moving average is GBX 54.66. The firm has a market cap of £27.02 million, a price-to-earnings ratio of 2,090.00 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.80 and a debt-to-equity ratio of 11.72.

About Virgin Wines UK

Virgin Wines is one of the UK’s largest direct-to-consumer online wine retailers. It is an award-winning business which has a reputation for supplying and curating high quality products, excellent levels of customer service and innovative ways of retailing.

The Company, which is headquartered in Norwich, UK, was established in 2000 by the Virgin Group and was subsequently acquired by Direct Wines in 2005 before being bought out by the Virgin Wines management team, led by CEO Jay Wright and CFO Graeme Weir, in 2013.