Willamette Valley Vineyards (NASDAQ:WVVI) Shares Pass Below 200 Day Moving Average – Time to Sell?

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.72 and traded as low as $2.71. Willamette Valley Vineyards shares last traded at $2.74, with a volume of 3,482 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Willamette Valley Vineyards in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Willamette Valley Vineyards Stock Performance

The company has a market cap of $13.67 million, a P/E ratio of -4.49 and a beta of 0.20. The stock has a 50 day moving average price of $2.70 and a two-hundred day moving average price of $2.72. The company has a quick ratio of 0.47, a current ratio of 3.45 and a debt-to-equity ratio of 0.63.

Willamette Valley Vineyards (NASDAQ:WVVI) last announced its earnings results on Wednesday, May 13th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $8.26 million during the quarter. Willamette Valley Vineyards had a negative net margin of 1.99% and a negative return on equity of 3.30%.

Institutional Trading of Willamette Valley Vineyards

Institutional investors have recently modified their holdings of the stock. EP Wealth Advisors LLC bought a new position in shares of Willamette Valley Vineyards in the fourth quarter worth $48,000. Northwestern Mutual Wealth Management Co. lifted its position in Willamette Valley Vineyards by 108,584.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 342,357 shares of the company’s stock worth $1,044,000 after purchasing an additional 342,042 shares during the period. Susquehanna International Group LLP acquired a new stake in Willamette Valley Vineyards during the third quarter worth about $39,000. Finally, Raymond James Financial Inc. bought a new position in Willamette Valley Vineyards in the 2nd quarter valued at about $41,000. 12.24% of the stock is currently owned by institutional investors.

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.