Willamette Valley Vineyards (NASDAQ:WVVI) Stock 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 Wednesday . The stock has a 200-day moving average of $3.01 and traded as low as $2.56. Willamette Valley Vineyards shares last traded at $2.5850, with a volume of 2,391 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Willamette Valley Vineyards in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Willamette Valley Vineyards Stock Up 0.6%

The firm has a market cap of $12.87 million, a P/E ratio of -4.10 and a beta of 0.29. The firm’s fifty day moving average is $2.66 and its 200 day moving average is $3.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.39 and a current ratio of 2.70.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its quarterly earnings results on Tuesday, March 24th. The company reported $0.05 earnings per share for the quarter. The firm had revenue of $11.11 million for the quarter. Willamette Valley Vineyards had a negative net margin of 2.47% and a negative return on equity of 3.90%.

Institutional Trading of Willamette Valley Vineyards

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new stake in Willamette Valley Vineyards in the 3rd quarter valued at $39,000. Raymond James Financial Inc. bought a new position in Willamette Valley Vineyards during the 2nd quarter worth $41,000. EP Wealth Advisors LLC bought a new position in Willamette Valley Vineyards during the 4th quarter worth $48,000. Teton Advisors LLC acquired a new stake in shares of Willamette Valley Vineyards during the third quarter worth $82,000. Finally, Northwestern Mutual Wealth Management Co. boosted 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 during the period. 12.24% of the stock is owned by institutional investors and hedge funds.

About Willamette Valley Vineyards

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.