StockNews.com Initiates Coverage on Willamette Valley Vineyards (NASDAQ:WVVI)

Equities research analysts at StockNews.com began coverage on shares of Willamette Valley Vineyards (NASDAQ:WVVI) in a report released on Tuesday. The firm set a “hold” rating on the stock.

Willamette Valley Vineyards Stock Down 2.9%

NASDAQ:WVVI opened at $5.74 on Tuesday. The firm has a market capitalization of $28.49 million, a P/E ratio of -9.41 and a beta of 0.49. Willamette Valley Vineyards has a 1-year low of $3.17 and a 1-year high of $6.33. The company’s fifty day moving average price is $5.99 and its 200-day moving average price is $4.90. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.85 and a quick ratio of 0.29.

Willamette Valley Vineyards (NASDAQ:WVVI) last released its quarterly earnings data on Tuesday, May 13th. The company reported ($0.26) earnings per share for the quarter. Willamette Valley Vineyards had a negative net margin of 2.15% and a negative return on equity of 3.12%. The firm had revenue of $7.54 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Willamette Valley Vineyards stock. FreeGulliver LLC acquired a new stake in Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 64,715 shares of the company’s stock, valued at approximately $384,000. FreeGulliver LLC owned approximately 1.30% of Willamette Valley Vineyards as of its most recent filing with the Securities and Exchange Commission (SEC). 12.24% of the stock is owned by institutional investors and hedge funds.

About Willamette Valley Vineyards

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company operates through two segments, Direct Sales and Distributor Sales. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Brut, Brut Rose, and Blanc de Blancs under the Domaine Willamette label.