Crimson Wine Group (OTCMKTS:CWGL) Stock Crosses Below Fifty Day Moving Average - Here's Why

Key Points

• Crimson Wine Group Ltd. (OTCMKTS:CWGL) crossed below its 50-day moving average of $5.58 during trading, reaching a low of $5.55 before closing at $5.74.
• The company reported a net margin of 0.77% and earnings per share (EPS) of ($0.05) for the last quarter, with total revenue amounting to $14.46 million.
• Crimson Wine Group has a low debt-to-equity ratio of 0.08 and high liquidity ratios, reflecting a current ratio of 10.88 and a quick ratio of 3.63.

Crimson Wine Group Ltd. (OTCMKTS:CWGL - Get Free Report)'s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.58 and traded as low as $5.55. Crimson Wine Group shares last traded at $5.74, with a volume of 2,218 shares.

Crimson Wine Group Trading Up 0.6%

The company has a debt-to-equity ratio of 0.08, a current ratio of 10.88 and a quick ratio of 3.63. The stock's fifty day simple moving average is $5.58 and its 200-day simple moving average is $5.69. The firm has a market cap of $115.20 million, a PE ratio of 279.89 and a beta of 0.48.

Crimson Wine Group (OTCMKTS:CWGL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $14.46 million during the quarter. Crimson Wine Group had a net margin of 0.77% and a return on equity of 0.29%.

Crimson Wine Group Company Profile

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.