Coffee (NASDAQ:JVA) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Shares of Coffee Holding Co., Inc. (NASDAQ:JVAGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.87 and traded as low as $3.26. Coffee shares last traded at $3.35, with a volume of 121,594 shares trading hands.

Wall Street Analysts Forecast Growth

JVA has been the topic of several recent analyst reports. Wall Street Zen upgraded shares of Coffee to a “hold” rating in a research report on Saturday, May 2nd. Piper Sandler began coverage on Coffee in a report on Monday, June 8th. They issued a “neutral” rating and a $9.00 price target on the stock. Finally, Weiss Ratings downgraded Coffee from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $9.00.

View Our Latest Analysis on Coffee

Coffee Trading Down 0.9%

The stock’s 50 day moving average is $4.26 and its 200 day moving average is $3.87. The stock has a market capitalization of $18.84 million, a price-to-earnings ratio of 11.79 and a beta of 1.37.

Coffee (NASDAQ:JVAGet Free Report) last released its quarterly earnings results on Friday, June 12th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.03). The company had revenue of $22.13 million for the quarter, compared to analysts’ expectations of $24.60 million. Coffee had a return on equity of 5.41% and a net margin of 1.53%.

Institutional Investors Weigh In On Coffee

A number of institutional investors have recently added to or reduced their stakes in JVA. Bridgeway Capital Management LLC lifted its holdings in Coffee by 14.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock worth $116,000 after buying an additional 3,389 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Coffee by 10.1% during the first quarter. Empowered Funds LLC now owns 38,420 shares of the company’s stock valued at $163,000 after acquiring an additional 3,538 shares in the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. grew its stake in shares of Coffee by 65.0% during the third quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 16,500 shares of the company’s stock valued at $75,000 after acquiring an additional 6,500 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Coffee by 10.6% during the third quarter. Dimensional Fund Advisors LP now owns 87,819 shares of the company’s stock worth $401,000 after acquiring an additional 8,448 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Coffee during the fourth quarter worth about $42,000.

About Coffee

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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.

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