Coffee (NASDAQ:JVA) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Coffee Holding Co., Inc. (NASDAQ:JVA) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.86 and traded as high as $4.59. Coffee shares last traded at $4.50, with a volume of 48,427 shares traded.

Wall Street Analysts Forecast Growth

JVA has been the subject of several research analyst reports. Wall Street Zen raised shares of Coffee to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings raised shares of Coffee from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Coffee Price Performance

The business’s 50 day moving average is $4.42 and its 200-day moving average is $3.86. The company has a market cap of $25.70 million, a PE ratio of 13.24 and a beta of 1.37.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in JVA. Bridgeway Capital Management LLC raised its holdings in Coffee by 14.5% during the second quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock worth $116,000 after purchasing an additional 3,389 shares in the last quarter. Empowered Funds LLC raised its holdings in Coffee by 10.1% during the first quarter. Empowered Funds LLC now owns 38,420 shares of the company’s stock worth $163,000 after purchasing an additional 3,538 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. raised its holdings in Coffee by 65.0% during the third quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 16,500 shares of the company’s stock worth $75,000 after purchasing an additional 6,500 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Coffee during the fourth quarter worth approximately $42,000.

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.