Coffee (NASDAQ:JVA) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Coffee Holding Co., Inc. (NASDAQ:JVA) crossed 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 changing hands.

Analysts Set New Price Targets

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

Coffee Stock Up 12.2 %

The company has a market cap of $23.18 million, a P/E ratio of 20.30 and a beta of 1.42. The business has a fifty day simple moving average of $3.58 and a two-hundred day simple moving average of $2.88.

Hedge Funds Weigh In On Coffee

Several institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new position in shares of Coffee in the third quarter worth approximately $34,000. Integrated Wealth Concepts LLC purchased a new position in shares of Coffee during the 3rd quarter valued at $32,000. Finally, Renaissance Technologies LLC boosted its holdings in Coffee by 2.8% in 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.

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.