Research analysts at StockNews.com initiated coverage on shares of Willamette Valley Vineyards (NASDAQ:WVVI – Get Rating) in a report released on Thursday. The firm set a “hold” rating on the stock.
Willamette Valley Vineyards Price Performance
Willamette Valley Vineyards stock opened at $6.04 on Thursday. The firm has a market capitalization of $29.98 million, a PE ratio of -11.85 and a beta of 0.71. Willamette Valley Vineyards has a 52 week low of $5.80 and a 52 week high of $9.87. The firm’s 50-day simple moving average is $6.24 and its 200 day simple moving average is $6.14. The company has a quick ratio of 0.56, a current ratio of 2.80 and a debt-to-equity ratio of 0.20.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in Willamette Valley Vineyards by 4.1% during the first quarter. Vanguard Group Inc. now owns 213,403 shares of the company’s stock worth $1,931,000 after buying an additional 8,461 shares in the last quarter. UBS Group AG boosted its stake in shares of Willamette Valley Vineyards by 42.9% during the first quarter. UBS Group AG now owns 5,663 shares of the company’s stock valued at $51,000 after acquiring an additional 1,700 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Willamette Valley Vineyards during the second quarter valued at $81,000. 13.09% of the stock is owned by hedge funds and other institutional investors.
About Willamette Valley Vineyards
Willamette Valley Vineyards, Inc engages in the production and sale of wine. It operates through the Direct Sales and Distributor Sales segments. The Direct Sales segment includes retail sales made without use of an intermediary. The Distributor Sales segment involves the sales through third party where prices are given at a wholesale rate.
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