Virgin Wines UK (LON:VINO) Shares Down 4.4% – Here’s Why

Virgin Wines UK PLC (LON:VINO) dropped 4.4% during mid-day trading on Thursday . The company traded as low as GBX 39 and last traded at GBX 43. Approximately 438,047 shares traded hands during mid-day trading, an increase of 1,026% from the average daily volume of 38,898 shares. The stock had previously closed at GBX 45.

Virgin Wines UK Stock Down 1.2%

The company has a debt-to-equity ratio of 9.65, a current ratio of 1.51 and a quick ratio of 1.02. The stock’s fifty day simple moving average is GBX 54.17 and its 200-day simple moving average is GBX 54.36. The stock has a market cap of £19.99 million, a P/E ratio of 140.03 and a beta of 1.19.

Virgin Wines UK (LON:VINO) last posted its earnings results on Tuesday, March 17th. The company reported GBX (0.40) earnings per share (EPS) for the quarter. Virgin Wines UK had a net margin of 0.25% and a return on equity of 0.68%. On average, research analysts anticipate that Virgin Wines UK PLC will post 3.6429872 earnings per share for the current year.

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.