Crimson Wine Group (OTCMKTS:CWGL) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Crimson Wine Group Ltd. (OTCMKTS:CWGL)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $4.29 and traded as high as $4.43. Crimson Wine Group shares last traded at $4.29, with a volume of 19,537 shares changing hands.

Crimson Wine Group Trading Up 1.0%

The company has a quick ratio of 2.86, a current ratio of 10.52 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $88.33 million, a P/E ratio of 85.80 and a beta of 0.41. The firm’s 50-day simple moving average is $4.29 and its 200-day simple moving average is $4.29.

Crimson Wine Group Company Profile

Crimson Wine Group, Ltd. is a wine producer and marketer focused on premium and luxury wines. The company manages a portfolio of winery brands that produce wines from regions including Napa Valley, Sonoma County and other areas of California, as well as Oregon and Washington.

Its portfolio has included Pine Ridge Vineyards, Archery Summit, Chamisal Vineyards, Seghesio Family Vineyards, Double Canyon and Seven Apart. The company’s wines span varietals such as Cabernet Sauvignon, Pinot Noir, Chardonnay and Zinfandel, with products sold through wholesale distributors, retail channels and direct-to-consumer operations.

Crimson Wine Group also operates winery tasting rooms and hospitality programs that support its direct relationships with consumers and wine-club members.