StockNews.com Initiates Coverage on Willamette Valley Vineyards (NASDAQ:WVVI)

StockNews.com began coverage on shares of Willamette Valley Vineyards (NASDAQ:WVVI) in a report released on Tuesday morning. The firm issued a hold rating on the stock.

Willamette Valley Vineyards Trading Down 0.2 %

WVVI stock opened at $4.41 on Tuesday. Willamette Valley Vineyards has a 1-year low of $4.40 and a 1-year high of $6.59. The firm has a market cap of $21.87 million, a P/E ratio of -6.77 and a beta of 0.70. The business’s 50 day moving average is $5.04 and its 200-day moving average is $5.23. The company has a current ratio of 2.33, a quick ratio of 0.28 and a debt-to-equity ratio of 0.25.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its quarterly earnings data on Tuesday, March 26th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $10.75 million during the quarter. Willamette Valley Vineyards had a negative net margin of 3.06% and a negative return on equity of 4.09%.

Institutional Investors Weigh In On Willamette Valley Vineyards

A number of large investors have recently bought and sold shares of WVVI. Creative Planning grew its position in Willamette Valley Vineyards by 99.4% during the 3rd quarter. Creative Planning now owns 31,100 shares of the company’s stock worth $183,000 after acquiring an additional 15,500 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Willamette Valley Vineyards during the 2nd quarter worth approximately $81,000. Vanguard Group Inc. grew its position in Willamette Valley Vineyards by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 213,403 shares of the company’s stock worth $1,931,000 after acquiring an additional 8,461 shares during the last quarter. Finally, UBS Group AG grew its position in Willamette Valley Vineyards by 102.8% during the 3rd quarter. UBS Group AG now owns 5,140 shares of the company’s stock worth $32,000 after acquiring an additional 2,605 shares during the last quarter. 12.24% of the stock is currently owned by institutional investors.

About Willamette Valley Vineyards

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.