Coffee (NASDAQ:JVA) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Coffee Holding Co., Inc. (NASDAQ:JVA)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

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

Coffee Stock Performance

The firm has a market cap of $21.36 million, a PE ratio of 18.70 and a beta of 1.42. The firm’s 50 day moving average price is $3.63 and its two-hundred day moving average price is $2.94.

Hedge Funds Weigh In On Coffee

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its position in Coffee by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after buying an additional 8,900 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Coffee in the 3rd quarter valued at $32,000. Finally, XTX Topco Ltd acquired a new stake in shares of Coffee in the 3rd quarter valued at $34,000.

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.