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

Coffee Holding Co., Inc. (NASDAQ:JVA) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.84 and traded as high as $4.49. Coffee shares last traded at $4.3950, with a volume of 218,295 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Coffee has an average rating of “Hold”.

Coffee Stock Up 1.7%

The business’s fifty day moving average is $3.41 and its 200 day moving average is $3.84. The stock has a market cap of $25.10 million, a PE ratio of 12.93 and a beta of 1.62.

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

Coffee Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, February 26th. Shareholders of record on Tuesday, February 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. Coffee’s dividend payout ratio is 23.53%.

Institutional Investors Weigh In On Coffee

Several institutional investors and hedge funds have recently made changes to their positions in the business. Empowered Funds LLC lifted its holdings in shares of Coffee by 15.2% in the fourth quarter. Empowered Funds LLC now owns 34,882 shares of the company’s stock valued at $135,000 after purchasing an additional 4,612 shares in the last quarter. XTX Topco Ltd purchased a new stake in Coffee in the 4th quarter valued at approximately $42,000. Bridgeway Capital Management LLC grew its holdings in Coffee by 14.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 35,882 shares of the company’s stock valued at $139,000 after buying an additional 4,612 shares during the last quarter. DRW Securities LLC acquired a new stake in Coffee during the 4th quarter valued at $261,000. Finally, Citadel Advisors LLC purchased a new position in Coffee during the third quarter worth $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.