Willamette Valley Vineyards (NASDAQ:WVVI) Stock Crosses Above 50-Day Moving Average of $7.00

Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.00 and traded as high as $7.03. Willamette Valley Vineyards shares last traded at $6.99, with a volume of 200 shares trading hands.

The stock has a market capitalization of $34.72 million, a P/E ratio of 20.74 and a beta of 0.45. The company has a 50 day simple moving average of $7.00 and a 200-day simple moving average of $6.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.84 and a quick ratio of 2.17.

An institutional investor recently raised its position in Willamette Valley Vineyards stock. Renaissance Technologies LLC raised its position in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) by 7.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,578 shares of the company’s stock after buying an additional 6,298 shares during the quarter. Renaissance Technologies LLC owned about 1.93% of Willamette Valley Vineyards worth $661,000 at the end of the most recent reporting period. Institutional investors own 10.83% of the company’s stock.

Willamette Valley Vineyards Company Profile (NASDAQ:WVVI)

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Methode Champenoise Brut, Rose, and Riesling branded wines under the Willamette Valley Vineyards and Elton labels; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, The Griffin, and Viognier branded wines under the Griffin Creek label; and Oregon Blossom branded wine under the Oregon Cellars label.

Further Reading: How To Calculate Debt-to-Equity Ratio

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