Coffee (NASDAQ:JVA) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Coffee Holding Co., Inc. (NASDAQ:JVA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.86 and traded as high as $4.59. Coffee shares last traded at $4.50, with a volume of 48,427 shares changing hands.

Analysts Set New Price Targets

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

Coffee Stock Up 0.4%

The firm has a 50-day moving average of $4.42 and a two-hundred day moving average of $3.86. The company has a market capitalization of $25.70 million, a PE ratio of 13.24 and a beta of 1.37.

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

Institutional Investors Weigh In On Coffee

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC raised its position in Coffee by 10.1% in the first quarter. Empowered Funds LLC now owns 38,420 shares of the company’s stock valued at $163,000 after purchasing an additional 3,538 shares during the period. XTX Topco Ltd purchased a new position in Coffee during the fourth quarter worth about $42,000. Bridgeway Capital Management LLC boosted its stake in Coffee by 14.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 35,882 shares of the company’s stock worth $139,000 after buying an additional 4,612 shares during the period. DRW Securities LLC purchased a new position in Coffee during the fourth quarter worth about $261,000. Finally, Citadel Advisors LLC purchased a new position in Coffee during the third quarter worth about $322,000.

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.