Crimson Wine Group (OTCMKTS:CWGL) Stock Price Down 1.6% – Here’s Why

Crimson Wine Group Ltd. (OTCMKTS:CWGL – Get Free Report) shares dropped 1.6% during mid-day trading on Thursday. The company traded as low as $3.80 and last traded at $3.80. 16,925 shares were traded during mid-day trading, an increase of 107% from the average session volume of 8,186 shares. The stock had previously closed at $3.86.

Crimson Wine Group Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 5.50 and a quick ratio of 1.47. The company’s 50 day moving average is $4.24 and its 200 day moving average is $4.35. The stock has a market cap of $78.24 million, a price-to-earnings ratio of 76.00 and a beta of 0.41.

Crimson Wine Group Company Profile

(Get Free Report)

Crimson Wine Group, Ltd. is a premium wine company that produces, markets and sells wines from estate-owned and estate-managed vineyards. Its portfolio includes wines across several varieties and price points, with an emphasis on terroir-driven products and established regional brands. The company’s brand portfolio includes Pine Ridge Vineyards and Double Canyon, as well as Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Seven Hills Winery and Malene. These brands represent wine-producing regions in California, Oregon and Washington, including Napa Valley, the Willamette Valley, Sonoma County, Edna Valley, the Walla Walla Valley and the Horse Heaven Hills.

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