Coffee (NASDAQ:JVA) Stock Passes Above 200-Day Moving Average – What’s Next?

Coffee Holding Co., Inc. (NASDAQ:JVA)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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 capitalization of $54.64 million, a price-to-earnings ratio of 24.54 and a beta of 1.38. The business has a 50 day simple moving average of $4.84 and a 200 day simple moving average of $3.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new position in Coffee in the third quarter valued at $32,000. XTX Topco Ltd purchased a new position in Coffee in the third quarter valued at $34,000. Quinn Opportunity Partners LLC boosted its holdings in Coffee by 37.1% in the fourth quarter. Quinn Opportunity Partners LLC now owns 55,477 shares of the company’s stock valued at $190,000 after purchasing an additional 15,000 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Coffee by 153.1% in 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 during the period. Finally, Empowered Funds LLC purchased a new stake in Coffee during the 4th quarter worth about $69,000.

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.