Crimson Wine Group (OTCMKTS:CWGL) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Crimson Wine Group Ltd. (OTCMKTS:CWGL)’s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.32 and traded as high as $4.4768. Crimson Wine Group shares last traded at $4.4680, with a volume of 1,935 shares trading hands.

Crimson Wine Group Price Performance

The company has a current ratio of 11.54, a quick ratio of 3.29 and a debt-to-equity ratio of 0.23. The firm has a market cap of $92.00 million, a price-to-earnings ratio of 89.36 and a beta of 0.42. The stock has a 50-day moving average of $4.32 and a two-hundred day moving average of $4.69.

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

Crimson Wine Group Company Profile

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.