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

Shares of Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.02 and traded as low as $3.35. Willamette Valley Vineyards shares last traded at $3.46, with a volume of 13,258 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Willamette Valley Vineyards in a research note on Wednesday. They set a “hold” rating for the company.

Willamette Valley Vineyards Trading Down 3.1 %

The company has a debt-to-equity ratio of 0.38, a current ratio of 3.08 and a quick ratio of 0.39. The stock’s 50 day moving average is $3.66 and its 200-day moving average is $4.02.

Willamette Valley Vineyards (NASDAQ:WVVI) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.07) EPS for the quarter. Willamette Valley Vineyards had a negative net margin of 2.26% and a negative return on equity of 3.19%. The firm had revenue of $10.33 million for the quarter.

Willamette Valley Vineyards Company Profile

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company operates through two segments, Direct Sales and Distributor Sales. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Brut, Brut Rose, and Blanc de Blancs under the Domaine Willamette label.