Coffee (NASDAQ:JVA) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Coffee Holding Co., Inc. (NASDAQ:JVA)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.87 and traded as low as $3.26. Coffee shares last traded at $3.35, with a volume of 121,594 shares.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings lowered shares of Coffee from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday. Wall Street Zen upgraded Coffee to a “hold” rating in a research report on Saturday, May 2nd. Finally, Piper Sandler began coverage on Coffee in a research note on Monday, June 8th. They set a “neutral” rating and a $9.00 price objective for the company. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $9.00.

Coffee Price Performance

The firm’s fifty day simple moving average is $4.31 and its 200 day simple moving average is $3.87. The company has a market capitalization of $19.13 million, a price-to-earnings ratio of 11.96 and a beta of 1.38.

Coffee (NASDAQ:JVA) last released its earnings results on Friday, June 12th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). Coffee had a return on equity of 5.41% and a net margin of 1.53%.The firm had revenue of $22.13 million during the quarter, compared to analysts’ expectations of $24.60 million.

Hedge Funds Weigh In On Coffee

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC raised its stake in Coffee by 14.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock valued at $116,000 after purchasing an additional 3,389 shares during the period. Empowered Funds LLC boosted its position in shares of Coffee by 10.1% in the first quarter. Empowered Funds LLC now owns 38,420 shares of the company’s stock worth $163,000 after buying an additional 3,538 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. boosted its position in shares of Coffee by 65.0% in the third quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 16,500 shares of the company’s stock worth $75,000 after buying an additional 6,500 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Coffee by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 87,819 shares of the company’s stock valued at $401,000 after buying an additional 8,448 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Coffee during the fourth quarter valued at $42,000.

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.