Fresh Vine Wine (NYSEAMERICAN:VINE) Shares Up 15.4%

Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) shot up 15.4% during trading on Thursday . The stock traded as high as $0.67 and last traded at $0.63. 1,824,070 shares were traded during mid-day trading, an increase of 500% from the average session volume of 304,213 shares. The stock had previously closed at $0.55.

Fresh Vine Wine Price Performance

The company has a market capitalization of $10.14 million, a P/E ratio of -1.06 and a beta of 2.07.

Fresh Vine Wine (NYSEAMERICAN:VINE) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $0.11 million for the quarter. Fresh Vine Wine had a negative net margin of 646.49% and a negative return on equity of 6,301.44%.

Institutional Trading of Fresh Vine Wine

An institutional investor recently bought a new position in Fresh Vine Wine stock. Brookstone Capital Management bought a new position in Fresh Vine Wine, Inc. (NYSEAMERICAN:VINE) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 53,390 shares of the company’s stock, valued at approximately $49,000. Brookstone Capital Management owned about 0.33% of Fresh Vine Wine at the end of the most recent reporting period. 23.00% of the stock is owned by hedge funds and other institutional investors.

Fresh Vine Wine Company Profile

Fresh Vine Wine, Inc produces and sells low-carb and low-calorie wines in the United States and Puerto Rico. Its wine varietals include Cabernet Sauvignon, Chardonnay, Pinot Noir, Rosé, Sauvignon Blanc, Sparkling Rosé, and Reserve Napa Cabernet Sauvignon. The company sells its products through wholesale, retail, and direct-to-consumer channels.