Coffee (NASDAQ:JVA) Stock Crosses Above 200-Day Moving Average – Here’s Why

Coffee Holding Co., Inc. (NASDAQ:JVA)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.83 and traded as high as $4.50. Coffee shares last traded at $4.50, with a volume of 39,766 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JVA. Wall Street Zen upgraded shares of Coffee to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings raised shares of Coffee from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Coffee Trading Up 3.2%

The business’s 50 day moving average price is $4.42 and its two-hundred day moving average price is $3.83. The stock has a market cap of $25.70 million, a P/E ratio of 13.24 and a beta of 1.41.

Coffee (NASDAQ:JVA) last announced its earnings results on Monday, March 16th. The company reported $0.29 earnings per share for the quarter. The firm had revenue of $25.57 million for the quarter. Coffee had a net margin of 1.88% and a return on equity of 6.82%.

Institutional Investors Weigh In On Coffee

A number of large investors have recently modified their holdings of JVA. Dimensional Fund Advisors LP boosted its stake in Coffee by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 87,819 shares of the company’s stock worth $401,000 after acquiring an additional 8,448 shares in the last quarter. Citadel Advisors LLC bought a new stake in Coffee during the third quarter worth about $322,000. DRW Securities LLC bought a new stake in Coffee during the fourth quarter worth about $261,000. Two Sigma Investments LP boosted its stake in Coffee by 53.8% during the third quarter. Two Sigma Investments LP now owns 44,919 shares of the company’s stock worth $205,000 after acquiring an additional 15,711 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Coffee by 10.1% during the first quarter. Empowered Funds LLC now owns 38,420 shares of the company’s stock worth $163,000 after acquiring an additional 3,538 shares in the last quarter.

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.