Crimson Wine Group (OTCMKTS:CWGL) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Crimson Wine Group Ltd. (OTCMKTS:CWGL)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.32 and traded as high as $4.4217. Crimson Wine Group shares last traded at $4.35, with a volume of 9,519 shares traded.

Crimson Wine Group Trading Up 1.2%

The company has a market capitalization of $89.57 million, a PE ratio of 87.00 and a beta of 0.41. The company has a fifty day simple moving average of $4.32 and a 200-day simple moving average of $4.71. The company has a current ratio of 11.54, a quick ratio of 3.29 and a debt-to-equity ratio of 0.23.

Crimson Wine Group (OTCMKTS:CWGL) last announced its quarterly earnings results on Tuesday, March 17th. The company reported $0.04 earnings per share for the quarter. Crimson Wine Group had a net margin of 1.33% and a return on equity of 0.49%. The firm had revenue of $20.31 million for the quarter.

About Crimson Wine Group

Crimson Wine Group, Inc is a U.S.-based premium wine company that acquires, manages and markets a diversified portfolio of estate vineyards and wineries. Founded in 1999 by Bill Paladino as a winery management and marketing platform, the company went public in 2012 and operates under the OTCMKTS ticker CWGL. Its core business centers on producing small-lot, high-quality wines and offering hospitality experiences at its owned and partner-operated properties.

The company’s portfolio spans multiple appellations in California and Oregon, including Napa Valley, Sonoma Coast and the Willamette Valley.