Farmer Bros. (NASDAQ:FARM) Stock Crosses Above 200-Day Moving Average of $3.16

Farmer Bros. Co. (NASDAQ:FARM) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.16 and traded as high as $3.25. Farmer Bros. shares last traded at $3.13, with a volume of 21,571 shares.

Farmer Bros. Trading Down 2.8 %

The company has a quick ratio of 0.67, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $3.48 and a two-hundred day moving average of $3.16. The stock has a market capitalization of $65.95 million, a price-to-earnings ratio of -1.11 and a beta of 1.75.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.11. Farmer Bros. had a negative return on equity of 65.75% and a negative net margin of 14.91%. The firm had revenue of $89.45 million during the quarter, compared to the consensus estimate of $88.50 million. On average, research analysts expect that Farmer Bros. Co. will post -0.74 EPS for the current year.

Institutional Investors Weigh In On Farmer Bros.

Several hedge funds have recently modified their holdings of the stock. Penn Capital Management Company LLC raised its position in Farmer Bros. by 1.2% in the fourth quarter. Penn Capital Management Company LLC now owns 869,757 shares of the company’s stock worth $2,661,000 after acquiring an additional 10,110 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in Farmer Bros. in the third quarter worth $31,000. Global Wealth Management Investment Advisory Inc. purchased a new position in Farmer Bros. in the third quarter worth $31,000. AE Wealth Management LLC purchased a new position in Farmer Bros. in the third quarter worth $31,000. Finally, Hodges Capital Management Inc. purchased a new position in Farmer Bros. in the third quarter worth $148,000. 64.48% of the stock is owned by institutional investors and hedge funds.

Farmer Bros. Company Profile

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.