Coffee (NASDAQ:JVA) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why
by Teresa Graham · The Cerbat GemCoffee Holding Co., Inc. (NASDAQ:JVA – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.83 and traded as high as $4.50. Coffee shares last traded at $4.50, with a volume of 39,766 shares traded.
Analyst Upgrades and Downgrades
JVA has been the subject of a number of research reports. Wall Street Zen raised shares of Coffee to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings raised shares of Coffee from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on Coffee
Coffee Price Performance
The company has a market cap of $24.55 million, a price-to-earnings ratio of 12.65 and a beta of 1.41. The firm’s fifty day moving average price is $4.43 and its 200-day moving average price is $3.84.
Coffee (NASDAQ:JVA – Get Free Report) last announced 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 Investors Weigh In On Coffee
Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd bought a new stake in Coffee in the fourth quarter worth about $42,000. Virtu Financial LLC bought a new stake in Coffee in the third quarter worth about $53,000. Jump Financial LLC bought a new stake in Coffee in the second quarter worth about $58,000. Mcintyre Freedman & Flynn Investment Advisers Inc. raised its position in Coffee by 65.0% in the third quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 16,500 shares of the company’s stock worth $75,000 after acquiring an additional 6,500 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Coffee during the 1st quarter worth about $73,000.
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.