Free Trial

Crimson Wine Group (OTCMKTS:CWGL) Stock Passes Below 200-Day Moving Average - What's Next?

Crimson Wine Group logo with Consumer Staples background

Key Points

  • Crimson Wine Group's stock (OTCMKTS:CWGL) fell below its 200-day moving average of $5.60, trading at $5.37 during Thursday's session.
  • The company has a low debt-to-equity ratio of 0.08 and a market capitalization of approximately $110.57 million.
  • Crimson Wine Group operates in two segments, Wholesale and Direct to Consumer, providing various wine and non-wine products.
  • MarketBeat previews top five stocks to own in October.

Crimson Wine Group Ltd. (OTCMKTS:CWGL - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.60 and traded as low as $5.26. Crimson Wine Group shares last traded at $5.37, with a volume of 9,470 shares traded.

Crimson Wine Group Price Performance

The company has a current ratio of 9.80, a quick ratio of 3.40 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $110.57 million, a P/E ratio of -537,000.00 and a beta of 0.52. The company has a fifty day simple moving average of $5.55 and a two-hundred day simple moving average of $5.60.

About Crimson Wine Group

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Crimson Wine Group Right Now?

Before you consider Crimson Wine Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Crimson Wine Group wasn't on the list.

While Crimson Wine Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.