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

StockNews.com started coverage on shares of Willamette Valley Vineyards (NASDAQ:WVVI) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

Willamette Valley Vineyards Price Performance

WVVI opened at $6.04 on Monday. The firm’s fifty day moving average price is $6.01 and its two-hundred day moving average price is $4.82. The company has a market capitalization of $30.00 million, a price-to-earnings ratio of -9.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.85 and a quick ratio of 0.29. Willamette Valley Vineyards has a 1 year low of $3.17 and a 1 year high of $6.33.

Willamette Valley Vineyards (NASDAQ:WVVI) last posted its quarterly earnings data on Tuesday, March 25th. The company reported ($0.01) EPS for the quarter. Willamette Valley Vineyards had a negative net margin of 2.15% and a negative return on equity of 3.12%. The firm had revenue of $11.28 million during the quarter.

Institutional Investors Weigh In On Willamette Valley Vineyards

An institutional investor recently bought a new position in Willamette Valley Vineyards stock. FreeGulliver LLC acquired a new position in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 64,715 shares of the company’s stock, valued at approximately $384,000. FreeGulliver LLC owned 1.30% of Willamette Valley Vineyards as of its most recent filing with the Securities & Exchange Commission. 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.