Virgin Wines UK (LON:VINO) Stock Price Down 5.7% – Here’s What Happened

Virgin Wines UK PLC (LON:VINO)’s stock price traded down 5.7% during mid-day trading on Thursday . The company traded as low as GBX 74 ($1.00) and last traded at GBX 74.50 ($1.01). 444,965 shares were traded during mid-day trading, an increase of 314% from the average session volume of 107,588 shares. The stock had previously closed at GBX 79 ($1.07).

Virgin Wines UK Price Performance

The business’s 50 day moving average is GBX 64 and its 200-day moving average is GBX 51.16. The firm has a market capitalization of £42.16 million, a P/E ratio of 30.82 and a beta of 1.18. The company has a quick ratio of 1.02, a current ratio of 1.80 and a debt-to-equity ratio of 11.72.

Virgin Wines UK Company Profile

Virgin Wines is one of the UK’s largest direct-to-consumer online wine retailers. It is an award-winning business which has a reputation for supplying and curating high quality products, excellent levels of customer service and innovative ways of retailing.

The Company, which is headquartered in Norwich, UK, was established in 2000 by the Virgin Group and was subsequently acquired by Direct Wines in 2005 before being bought out by the Virgin Wines management team, led by CEO Jay Wright and CFO Graeme Weir, in 2013.