Coffee (NASDAQ:JVA) Shares Cross Above 200-Day Moving Average – Should You Sell?

Coffee Holding Co., Inc. (NASDAQ:JVA) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.86 and traded as high as $3.64. Coffee shares last traded at $3.62, with a volume of 95,093 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Coffee in a report on Wednesday, December 4th. They set a “buy” rating for the company.

Coffee Stock Performance

The firm has a fifty day simple moving average of $3.58 and a two-hundred day simple moving average of $2.88. The firm has a market cap of $23.18 million, a PE ratio of 20.30 and a beta of 1.42.

Hedge Funds Weigh In On Coffee

Several institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its stake in Coffee by 2.8% during the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after acquiring an additional 8,900 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Coffee in the 3rd quarter worth approximately $32,000. Finally, XTX Topco Ltd bought a new position in shares of Coffee during the 3rd quarter valued at approximately $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.