Coffee (NASDAQ:JVA) Shares Cross Above 200-Day Moving Average of $1.26

Shares of Coffee Holding Co., Inc. (NASDAQ:JVA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.26 and traded as high as $1.44. Coffee shares last traded at $1.43, with a volume of 36,273 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Coffee in a research note on Wednesday. They issued a “hold” rating on the stock.

Coffee Stock Up 0.7 %

The company has a 50 day simple moving average of $1.47 and a 200-day simple moving average of $1.26.

Coffee (NASDAQ:JVA) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $19.54 million during the quarter. Coffee had a return on equity of 0.20% and a net margin of 0.07%.

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.