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 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.

Wall Street Analyst Weigh In

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

Coffee Stock Up 18.1 %

The business has a 50-day moving average price of $4.84 and a 200-day moving average price of $3.77. The firm has a market capitalization of $54.64 million, a PE ratio of 24.54 and a beta of 1.38.

Institutional Investors Weigh In On Coffee

A number of large investors have recently made changes to their positions in JVA. Bridgeway Capital Management LLC purchased a new position in Coffee in the fourth quarter worth approximately $73,000. Dimensional Fund Advisors LP grew its position in Coffee by 153.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock worth $110,000 after acquiring an additional 19,518 shares during the period. Quinn Opportunity Partners LLC grew its position in Coffee by 37.1% in the fourth quarter. Quinn Opportunity Partners LLC now owns 55,477 shares of the company’s stock worth $190,000 after acquiring an additional 15,000 shares during the period. Renaissance Technologies LLC grew its position in Coffee by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 381,964 shares of the company’s stock worth $1,306,000 after acquiring an additional 52,500 shares during the period. Finally, Sheaff Brock Investment Advisors LLC purchased a new position in Coffee in the fourth quarter worth 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.