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

Coffee Holding Co., Inc. (NASDAQ:JVA)’s share price 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 traded.

Wall Street Analyst Weigh In

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

Coffee Trading Down 1.3%

The company has a 50 day simple moving average of $3.72 and a 200 day simple moving average of $4.11. The stock has a market cap of $21.58 million, a P/E ratio of 11.81 and a beta of 1.58.

Hedge Funds Weigh In On Coffee

Large investors have recently modified their holdings of the business. Citadel Advisors LLC acquired a new stake in shares of Coffee in the third quarter valued at about $322,000. Allworth Financial LP bought a new stake in shares of Coffee during the 2nd quarter worth approximately $285,000. Jane Street Group LLC acquired a new stake in shares of Coffee in the 2nd quarter valued at approximately $118,000. Acadian Asset Management LLC bought a new position in shares of Coffee in the first quarter valued at $73,000. Finally, XTX Topco Ltd acquired a new position in Coffee during the second quarter worth $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.