Farmer Bros. (NASDAQ:FARM) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Farmer Bros. Co. (NASDAQ:FARM)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.06 and traded as high as $2.50. Farmer Bros. shares last traded at $2.26, with a volume of 325,779 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Farmer Bros. in a research report on Thursday, March 13th. They set a “hold” rating for the company.

Farmer Bros. Stock Performance

The company has a market cap of $48.26 million, a price-to-earnings ratio of -4.71 and a beta of 1.77. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 0.56. The stock’s 50 day moving average price is $2.23 and its 200 day moving average price is $2.06.

Farmer Bros. (NASDAQ:FARM) last released its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.45%. On average, analysts expect that Farmer Bros. Co. will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FARM. Jane Street Group LLC purchased a new position in Farmer Bros. in the fourth quarter valued at approximately $29,000. XTX Topco Ltd acquired a new stake in shares of Farmer Bros. during the fourth quarter valued at about $36,000. Prudential Financial Inc. purchased a new stake in shares of Farmer Bros. during the fourth quarter worth about $48,000. Millennium Management LLC acquired a new position in shares of Farmer Bros. in the fourth quarter worth about $69,000. Finally, Squarepoint Ops LLC boosted its holdings in Farmer Bros. by 67.1% in the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after purchasing an additional 27,805 shares during the last quarter. 64.48% of the stock is owned by hedge funds and other institutional investors.

About Farmer Bros.

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.