Shares of Coffee Holding Co., Inc. (NASDAQ: JVA) experienced a notable uptick, trading above its 200-day moving average for the first time in a while. The stock, which has a 200-day moving average of $1.26, saw highs of $1.44 during trading on Tuesday, ultimately closing at $1.43 with a volume of 36,273 shares. This movement is significant as it may indicate a positive trend for investors. StockNews.com also began coverage on the company, issuing a “hold” rating, signaling a cautious but steady outlook on the stock. Coffee Holding Co. recently reported earnings of $0.06 per share for the quarter ending March 18th, with revenue reaching $19.54 million. The company, which operates in the U.S., Australia, Canada, England, and China, engages in the manufacture, roasting, packaging, marketing, and distribution of both wholesale green coffee and roasted coffee products. The modest return on equity of 0.20% and a net margin of 0.07% suggest stable but slow growth.
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