Virgin Wines UK (LON:VINO) Trading 1.4% Higher – Here’s Why

Virgin Wines UK PLC (LON:VINO)’s share price shot up 1.4% during mid-day trading on Friday . The company traded as high as GBX 49.28 ($0.64) and last traded at GBX 49.20 ($0.64). Approximately 64,131 shares changed hands during trading, a decline of 25% from the average daily volume of 85,277 shares. The stock had previously closed at GBX 48.50 ($0.63).

Virgin Wines UK Stock Up 1.4 %

The company’s fifty day simple moving average is GBX 36.75 and its 200 day simple moving average is GBX 36.71. The firm has a market capitalization of £27.85 million, a P/E ratio of 20.35 and a beta of 1.18. The company has a current ratio of 1.80, a quick ratio of 1.02 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.