Coffee (NASDAQ:JVA) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Coffee Holding Co., Inc. (NASDAQ:JVA)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.86 and traded as low as $3.10. Coffee shares last traded at $3.15, with a volume of 15,904 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Coffee Stock Down 0.9%

The stock has a 50-day moving average of $3.40 and a 200 day moving average of $3.85. The stock has a market cap of $17.87 million, a PE ratio of 12.52 and a beta of 1.62.

Coffee (NASDAQ:JVA) last issued its earnings results on Wednesday, January 28th. The company reported $0.15 earnings per share (EPS) for the quarter. Coffee had a return on equity of 5.11% and a net margin of 1.45%.The company had revenue of $27.75 million during the quarter.

Coffee Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, February 26th. Investors of record on Tuesday, February 10th were issued a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, February 10th. Coffee’s dividend payout ratio is currently 32.00%.

Hedge Funds Weigh In On Coffee

A number of institutional investors have recently bought and sold shares of JVA. Allworth Financial LP purchased a new stake in shares of Coffee during the 2nd quarter valued at approximately $285,000. Bridgeway Capital Management LLC grew its position in Coffee by 14.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 35,882 shares of the company’s stock worth $139,000 after acquiring an additional 4,612 shares during the period. Empowered Funds LLC grew its position in Coffee by 15.2% in the fourth quarter. Empowered Funds LLC now owns 34,882 shares of the company’s stock worth $135,000 after acquiring an additional 4,612 shares during the period. Jane Street Group LLC acquired a new stake in Coffee during the second quarter worth $118,000. Finally, XTX Topco Ltd acquired a new stake in Coffee during the second quarter worth $77,000.

About Coffee

Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.

The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.