Coffee (NASDAQ:JVA) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Coffee Holding Co., Inc. (NASDAQ:JVA) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.11 and traded as low as $3.66. Coffee shares last traded at $3.78, with a volume of 42,429 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of Coffee from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Coffee presently has an average rating of “Sell”.

Coffee Stock Performance

The company has a fifty day moving average of $3.72 and a two-hundred day moving average of $4.11. The firm has a market capitalization of $21.58 million, a price-to-earnings ratio of 11.81 and a beta of 1.58.

Hedge Funds Weigh In On Coffee

Several institutional investors and hedge funds have recently modified their holdings of JVA. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new position in Coffee during the second quarter worth about $43,000. Virtu Financial LLC acquired a new position in shares of Coffee during the 3rd quarter worth approximately $53,000. Jump Financial LLC bought a new position in shares of Coffee during the second quarter worth approximately $58,000. Acadian Asset Management LLC bought a new position in shares of Coffee during the first quarter worth approximately $73,000. Finally, XTX Topco Ltd acquired a new stake in shares of Coffee in the second quarter valued at approximately $77,000.

About Coffee

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.