Coffee (NASDAQ:JVA) Shares Pass Above 200-Day Moving Average – Time to Sell?

Coffee Holding Co., Inc. (NASDAQ:JVA)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.86 and traded as high as $3.64. Coffee shares last traded at $3.62, with a volume of 95,093 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Coffee in a report on Wednesday, December 4th. They issued a “buy” rating on the stock.

Coffee Stock Performance

The firm has a 50-day moving average price of $3.56 and a two-hundred day moving average price of $2.86. The firm has a market cap of $20.67 million, a price-to-earnings ratio of 18.10 and a beta of 1.40.

Institutional Investors Weigh In On Coffee

A number of institutional investors and hedge funds have recently bought and sold shares of JVA. XTX Topco Ltd acquired a new stake in shares of Coffee during the third quarter worth about $34,000. Integrated Wealth Concepts LLC purchased a new position in Coffee during the 3rd quarter worth approximately $32,000. Finally, Renaissance Technologies LLC grew its stake in Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after buying an additional 8,900 shares during the last quarter.

Coffee Company Profile

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.