Coffee (NASDAQ:JVA) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Coffee Holding Co., Inc. (NASDAQ:JVA) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.71 and traded as high as $9.93. Coffee shares last traded at $9.57, with a volume of 972,572 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Coffee from a “hold” rating to a “buy” rating in a report on Monday, February 3rd.

Coffee Price Performance

The firm has a fifty day simple moving average of $4.73 and a two-hundred day simple moving average of $3.71. The firm has a market capitalization of $54.64 million, a P/E ratio of 24.54 and a beta of 1.38.

Hedge Funds Weigh In On Coffee

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Coffee by 15.9% in the fourth quarter. Renaissance Technologies LLC now owns 381,964 shares of the company’s stock worth $1,306,000 after acquiring an additional 52,500 shares during the period. Quinn Opportunity Partners LLC boosted its holdings in shares of Coffee by 37.1% in the fourth quarter. Quinn Opportunity Partners LLC now owns 55,477 shares of the company’s stock worth $190,000 after acquiring an additional 15,000 shares during the period. Sheaff Brock Investment Advisors LLC bought a new position in shares of Coffee in the fourth quarter worth $120,000. Dimensional Fund Advisors LP boosted its holdings in shares of Coffee by 153.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock worth $110,000 after acquiring an additional 19,518 shares during the period. Finally, Bridgeway Capital Management LLC bought a new position in shares of Coffee in the fourth quarter worth $73,000.

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.