Revenue Update on Willamette Valley Vineyards(NASDAQ:WVVI)

Willamette Valley Vineyards(NASDAQ:WVVI) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 23, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.18.

Willamette Valley Vineyards (WVVI) made into the market gainers list on Fridays trading session with the shares advancing 3.37% or 0.26 points. Due to strong positive momentum, the stock ended at $7.97, which is also near the day’s high of $8. The stock began the session at $7.81 and the volume stood at 12,993 shares. The 52-week high of the shares is $9 and the 52 week low is $6.9. The company has a current market capitalization of $40 M and it has 50,06,255 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 21, 2016, Heather Westing (director) purchased 1,700 shares at $8.05 per share price.Also, On Jul 7, 2016, James W Bernau (director officer 10% owner (Chief Executive Offic) sold 15,000 shares at $8.12 per share price.On May 26, 2016, James L Ellis (director) sold 10,000 shares at $7.14 per share price, according to the Form-4 filing with the securities and exchange commission.

Willamette Valley Vineyards Inc. owns and operates vineyards and a winery located in the state of Oregon and produces and distributes premium super premium and ultra-premium wines primarily Pinot Noir Pinot Gris Chardonnay and Riesling. The Company operates through two segments: Direct Sales and Distributor Sales. Direct Sales includes retail sales in the tasting room and remote sites wine club sales on-site events kitchen and catering sales and other sales made directly to the consumer without the use of an intermediary. Distributor Sales include all sales through a third party where prices are given at a wholesale rate. In addition the Company holds Pairings a focused restaurant offering a wine and food pairing lunch. The Company also operates two additional tasting rooms one in downtown McMinnville in the heart of Oregon Wine Country and at its Tualatin Vineyard.

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