Shares of Jamba Inc. (NASDAQ:JMBA) saw an uptick in trading volume on Friday . 98,729 shares changed hands during trading, an increase of 45% from the previous session’s volume of 68,244 shares.The stock last traded at $10.80 and had previously closed at $10.94.

Separately, Zacks Investment Research lowered shares of Jamba from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 10th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Jamba currently has an average rating of “Hold” and an average price target of $16.00.

The company has a market capitalization of $162.98 million and a price-to-earnings ratio of 20.57. The firm has a 50 day moving average of $10.44 and a 200-day moving average of $11.97.

Jamba (NASDAQ:JMBA) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.04. During the same period in the previous year, the business posted ($0.11) earnings per share. The business had revenue of $18.80 million for the quarter, compared to analysts’ expectations of $18.41 million. Jamba’s revenue for the quarter was down 64.2% on a year-over-year basis. On average, analysts forecast that Jamba Inc. will post $0.18 EPS for the current fiscal year.

An institutional investor recently raised its position in Jamba stock. Morgan Stanley increased its position in shares of Jamba Inc. (NASDAQ:JMBA) by 112.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,192,219 shares of the company’s stock after buying an additional 630,361 shares during the period. Morgan Stanley owned approximately 7.93% of Jamba worth $16,082,000 at the end of the most recent quarter.

Jamba, Inc is a restaurant retailer of specialty food and beverage offerings. The Company operates through retail segment. The Company’s offerings include whole fruit smoothies, squeezed juices and juice blends, Energy Bowls, and a range of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods and snacks.

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