Coffee (NASDAQ:JVA) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Coffee Holding Co., Inc. (NASDAQ:JVA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.94 and traded as high as $3.74. Coffee shares last traded at $3.74, with a volume of 56,818 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Coffee in a research report on Wednesday, December 4th. They issued a “buy” rating on the stock.

Coffee Trading Up 0.5 %

The firm’s 50 day moving average price is $3.65 and its 200-day moving average price is $2.96. The company has a market cap of $21.36 million, a P/E ratio of 18.70 and a beta of 1.42.

Institutional Trading of Coffee

Hedge funds have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Coffee in the third quarter worth about $34,000. Integrated Wealth Concepts LLC acquired a new position in shares of Coffee in the 3rd quarter valued at approximately $32,000. Finally, Renaissance Technologies LLC raised its holdings in Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after buying an additional 8,900 shares during the period.

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.