Scheid Vineyards (OTCMKTS:SVIN) Shares Climb 12.7% – What’s Next?

Scheid Vineyards Inc. (OTCMKTS:SVIN – Get Free Report) traded up 12.7% on Thursday. The company traded as high as $0.6208 and last traded at $0.6208. Approximately 100 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 432 shares. The stock had previously closed at $0.5510.

Scheid Vineyards Stock Performance

The company has a market cap of $571,172.80, a price-to-earnings ratio of -0.02 and a beta of -0.40. The firm’s 50-day moving average price is $0.73 and its 200 day moving average price is $1.01.

About Scheid Vineyards

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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.

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