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

Coffee Holding Co., Inc. (NASDAQ:JVA)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.71 and traded as high as $9.93. Coffee shares last traded at $9.57, with a volume of 972,572 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Coffee from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd.

Coffee Price Performance

The company has a market cap of $54.64 million, a P/E ratio of 24.54 and a beta of 1.38. The company has a 50 day moving average of $4.73 and a 200-day moving average of $3.71.

Institutional Investors Weigh In On Coffee

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC purchased a new stake in Coffee during the fourth quarter valued at about $69,000. Sheaff Brock Investment Advisors LLC purchased a new stake in Coffee during the fourth quarter valued at about $120,000. XTX Topco Ltd purchased a new stake in Coffee during the third quarter valued at about $34,000. Integrated Wealth Concepts LLC purchased a new stake in Coffee during the third quarter valued at about $32,000. Finally, Dimensional Fund Advisors LP raised its position in Coffee by 153.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock valued at $110,000 after purchasing an additional 19,518 shares in the last 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.