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

Coffee Holding Co., Inc. (NASDAQ:JVA)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.82 and traded as high as $4.48. Coffee shares last traded at $4.34, with a volume of 71,582 shares.

Wall Street Analysts Forecast Growth

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

Coffee Trading Up 1.4%

The stock has a market capitalization of $24.78 million, a price-to-earnings ratio of 12.76 and a beta of 1.40. The stock has a 50-day moving average price of $3.53 and a 200 day moving average price of $3.82.

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

Coffee Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, February 26th. Stockholders of record on Tuesday, February 10th were issued a dividend of $0.08 per share. The ex-dividend date was Tuesday, February 10th. Coffee’s dividend payout ratio (DPR) is currently 23.53%.

Institutional Trading of Coffee

Institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new stake in shares of Coffee during the 1st quarter worth $73,000. XTX Topco Ltd purchased a new stake in Coffee in the second quarter valued at $77,000. Jump Financial LLC purchased a new stake in Coffee in the second quarter valued at $58,000. Jane Street Group LLC purchased a new stake in shares of Coffee in the second quarter valued at about $118,000. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Coffee by 14.5% in the second quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock valued at $116,000 after buying an additional 3,389 shares during the last quarter.

Coffee Company Profile

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.