Coffee Holding Co. Shares Surge Above 200-Day Average, Analysts Remain Cautious

Coffee Holding Co. Shares Surge Above 200-Day Average, Analysts Remain Cautious

Coffee Holding Co. (NASDAQ:JVA) shares broke past their 200-day moving average, hitting $1.48. The stock closed at $1.45 with a volume of 33,377 shares. Despite this, analysts from StockNews.com gave it a "hold" rating. The company reported modest earnings and revenue in its last quarterly report. Coffee Holding Co. manufactures and distributes coffee products globally, including in the U.S., Australia, and China.

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