Coffee (NASDAQ:JVA) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Coffee Holding Co., Inc. (NASDAQ:JVA) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.23 and traded as high as $5.37. Coffee shares last traded at $5.19, with a volume of 146,895 shares traded.

Wall Street Analyst Weigh In

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

Coffee Stock Performance

The firm has a market cap of $29.63 million, a price-to-earnings ratio of 13.31 and a beta of 1.42. The business has a 50 day simple moving average of $3.97 and a 200-day simple moving average of $3.23.

Institutional Investors Weigh In On Coffee

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in shares of Coffee in the third quarter worth $32,000. XTX Topco Ltd bought a new stake in shares of Coffee during the 3rd quarter worth $34,000. Empowered Funds LLC purchased a new position in Coffee in the 4th quarter worth $69,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Coffee in the fourth quarter valued at approximately $120,000.

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.