Crimson Wine Group (OTCMKTS:CWGL) Shares Cross Above 50-Day Moving Average – Here’s Why

Crimson Wine Group, Ltd. (OTCMKTS:CWGL) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.48 and traded as high as $6.82. Crimson Wine Group shares last traded at $6.82, with a volume of 84,135 shares.

Crimson Wine Group Trading Down 1.8 %

The business has a 50 day simple moving average of $6.51 and a 200 day simple moving average of $6.11. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.65 and a quick ratio of 1.99. The company has a market cap of $138.62 million, a price-to-earnings ratio of 134.00 and a beta of 0.53.

Crimson Wine Group (OTCMKTS:CWGL) last released its quarterly earnings results on Monday, August 12th. The company reported $0.01 EPS for the quarter. Crimson Wine Group had a net margin of 1.41% and a return on equity of 0.54%. The business had revenue of $17.25 million for the quarter.

About Crimson Wine Group

Crimson Wine Group, Ltd., through its subsidiaries, produces and sells wines in the United States and internationally. It operates in two segments, Wholesale and Direct to Consumer. The company also sells bulk wines and grapes; and other non-wine products, such as merchandise, as well as provides custom winemaking services.