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

Coffee Holding Co., Inc. (NASDAQ:JVA) shares 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.

Analysts Set New Price Targets

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

Coffee Trading Up 0.5 %

The stock’s fifty day moving average price is $3.63 and its two-hundred day moving average price is $2.94. The firm has a market capitalization of $21.36 million, a price-to-earnings ratio of 18.70 and a beta of 1.42.

Institutional Investors Weigh In On Coffee

Several hedge funds and other institutional investors have recently bought and sold shares of JVA. Renaissance Technologies LLC increased its stake in Coffee by 2.8% in the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after purchasing an additional 8,900 shares during the period. XTX Topco Ltd acquired a new position in Coffee in the third quarter valued at $34,000. Finally, Integrated Wealth Concepts LLC acquired a new position in Coffee in the third quarter valued at $32,000.

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.