Willamette Valley Vineyards (NASDAQ:WVVI) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.75 and traded as low as $2.70. Willamette Valley Vineyards shares last traded at $2.71, with a volume of 5,043 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Willamette Valley Vineyards in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Willamette Valley Vineyards has a consensus rating of “Sell”.

Willamette Valley Vineyards Price Performance

The business’s 50 day moving average price is $2.88 and its 200-day moving average price is $3.75. The company has a quick ratio of 0.30, a current ratio of 3.12 and a debt-to-equity ratio of 0.63. The company has a market cap of $13.44 million, a PE ratio of -3.93 and a beta of 0.32.

Willamette Valley Vineyards (NASDAQ:WVVI) last announced its earnings results on Thursday, November 13th. The company reported ($0.33) earnings per share for the quarter. Willamette Valley Vineyards had a negative net margin of 4.82% and a negative return on equity of 7.41%. The firm had revenue of $8.35 million during the quarter.

Institutional Trading of Willamette Valley Vineyards

A number of hedge funds and other institutional investors have recently modified their holdings of WVVI. FreeGulliver LLC boosted its holdings in Willamette Valley Vineyards by 57.6% in the second quarter. FreeGulliver LLC now owns 101,969 shares of the company’s stock valued at $563,000 after purchasing an additional 37,254 shares during the last quarter. Teton Advisors LLC acquired a new position in shares of Willamette Valley Vineyards in the 3rd quarter valued at approximately $82,000. Susquehanna International Group LLP purchased a new position in shares of Willamette Valley Vineyards during the 3rd quarter valued at approximately $39,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Willamette Valley Vineyards during the 2nd quarter valued at approximately $41,000. 12.24% of the stock is owned by hedge funds and other institutional investors.

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.