Farmer Bros. (NASDAQ:FARM) Stock Crosses Above 200-Day Moving Average of $3.16

Farmer Bros. Co. (NASDAQ:FARM)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.16 and traded as high as $3.25. Farmer Bros. shares last traded at $3.13, with a volume of 21,571 shares changing hands.

Farmer Bros. Stock Down 2.8 %

The stock has a market capitalization of $65.95 million, a PE ratio of -1.11 and a beta of 1.75. The company has a current ratio of 1.42, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. The company’s 50-day moving average is $3.48 and its 200 day moving average is $3.16.

Farmer Bros. (NASDAQ:FARM) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.11. The firm had revenue of $89.45 million during the quarter, compared to analyst estimates of $88.50 million. Farmer Bros. had a negative net margin of 14.91% and a negative return on equity of 65.75%. As a group, analysts anticipate that Farmer Bros. Co. will post -0.74 EPS for the current year.

Hedge Funds Weigh In On Farmer Bros.

Several hedge funds and other institutional investors have recently modified their holdings of FARM. Penn Capital Management Company LLC increased its holdings in Farmer Bros. by 1.2% in the 4th quarter. Penn Capital Management Company LLC now owns 869,757 shares of the company’s stock worth $2,661,000 after buying an additional 10,110 shares during the period. Kestra Private Wealth Services LLC acquired a new position in Farmer Bros. in the 3rd quarter worth approximately $31,000. Global Wealth Management Investment Advisory Inc. acquired a new position in Farmer Bros. in the 3rd quarter worth approximately $31,000. AE Wealth Management LLC acquired a new position in Farmer Bros. in the 3rd quarter worth approximately $31,000. Finally, Hodges Capital Management Inc. acquired a new position in Farmer Bros. in the 3rd quarter worth approximately $148,000. 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.