Scheid Vineyards (OTCMKTS:SVIN) Announces Earnings Results

Scheid Vineyards (OTCMKTS:SVIN) posted its earnings results on Tuesday. The company reported ($3.35) EPS for the quarter, Zacks reports. The business had revenue of $13.35 million during the quarter.

Scheid Vineyards Price Performance

Shares of Scheid Vineyards stock remained flat at $0.55 on Thursday. The stock had a trading volume of 2,000 shares, compared to its average volume of 348. The company has a fifty day moving average of $0.66 and a 200 day moving average of $0.96. Scheid Vineyards has a one year low of $0.54 and a one year high of $2.23. The stock has a market capitalization of $506,920.00, a price-to-earnings ratio of -0.02 and a beta of -0.40.

About Scheid Vineyards

Scheid Vineyards Inc is a California-based wine company engaged in growing wine grapes and producing, marketing and selling wines. The company operates primarily in Monterey County, where the region’s coastal climate supports the cultivation of a range of grape varieties.

The company produces wines under the Scheid Vineyards name and offers varietals and blends made from estate-grown and other Central Coast grapes. Its portfolio has included wines associated with Monterey County and the broader California Central Coast, and its products are distributed through retail, restaurant and direct-to-consumer channels.

Scheid Vineyards was founded by Al Scheid in 1972 as a vineyard-development and grape-growing business before expanding into wine production.