Coffee (NASDAQ:JVA) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

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 $3.86 and traded as low as $3.10. Coffee shares last traded at $3.15, with a volume of 15,904 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Coffee from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Coffee Stock Down 0.6%

The firm’s 50 day moving average is $3.43 and its 200-day moving average is $3.86. The firm has a market cap of $17.99 million, a PE ratio of 12.60 and a beta of 1.62.

Coffee (NASDAQ:JVA) last released its earnings results on Wednesday, January 28th. The company reported $0.15 EPS for the quarter. The firm had revenue of $27.75 million during the quarter. Coffee had a net margin of 1.45% and a return on equity of 5.11%.

Coffee Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 10th were paid a $0.08 dividend. The ex-dividend date was Tuesday, February 10th. Coffee’s dividend payout ratio is presently 32.00%.

Institutional Trading of Coffee

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