Coffee (NASDAQ:JVA) Shares Cross Above 200-Day Moving Average of $1.08

Coffee Holding Co., Inc. (NASDAQ:JVA)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.08 and traded as high as $1.70. Coffee shares last traded at $1.69, with a volume of 130,907 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Coffee in a research report on Wednesday. They issued a “hold” rating on the stock.

Coffee Stock Up 1.2 %

The company has a 50 day moving average of $1.42 and a 200 day moving average of $1.08.

Coffee (NASDAQ:JVA) last posted its quarterly earnings data on Monday, March 18th. The company reported $0.06 EPS for the quarter. Coffee had a return on equity of 0.20% and a net margin of 0.07%. The firm had revenue of $19.54 million during the quarter.

About Coffee

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.