Coffee (NASDAQ:JVA) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Coffee Holding Co., Inc. (NASDAQ:JVA)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.16 and traded as high as $4.30. Coffee shares last traded at $4.08, with a volume of 41,037 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Coffee from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

Coffee Price Performance

The business has a 50-day simple moving average of $3.46 and a 200 day simple moving average of $4.16. The firm has a market cap of $23.29 million, a PE ratio of 10.46 and a beta of 1.28.

Coffee (NASDAQ:JVA) last issued its earnings results on Friday, March 21st. The company reported $0.20 earnings per share (EPS) for the quarter. The company had revenue of $21.31 million for the quarter. Coffee had a return on equity of 8.97% and a net margin of 2.82%.

Hedge Funds Weigh In On Coffee

Large investors have recently bought and sold shares of the business. Informed Momentum Co LLC bought a new stake in Coffee during the 1st quarter valued at $331,000. Renaissance Technologies LLC raised its position in shares of Coffee by 15.9% in the 4th quarter. Renaissance Technologies LLC now owns 381,964 shares of the company’s stock worth $1,306,000 after acquiring an additional 52,500 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its position in shares of Coffee by 107.6% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 72,655 shares of the company’s stock worth $258,000 after acquiring an additional 37,655 shares in the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Coffee in the 4th quarter worth $73,000. Finally, Trexquant Investment LP bought a new position in shares of Coffee in the 1st quarter worth $75,000.

Coffee Company Profile

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.