Jamba Inc. (NASDAQ:JMBA) shares saw unusually-high trading volume on Thursday . Approximately 86,771 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 79,855 shares.The stock last traded at $10.03 and had previously closed at $10.11.

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

The firm’s 50-day moving average price is $10.71 and its 200 day moving average price is $12.26. The stock has a market cap of $151.21 million and a price-to-earnings ratio of 19.09.

Jamba (NASDAQ:JMBA) last released its earnings results on Thursday, May 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.04. During the same period in the previous year, the business posted ($0.11) EPS. The company earned $18.80 million during the quarter, compared to analysts’ expectations of $18.41 million. The company’s revenue for the quarter was down 64.2% compared to the same quarter last year. On average, equities research analysts anticipate that Jamba Inc. will post $0.18 EPS for the current fiscal year.

A hedge fund recently raised its stake in Jamba stock. Morgan Stanley raised its position in Jamba Inc. (NASDAQ:JMBA) by 112.2% during the fourth quarter, Holdings Channel reports. The firm owned 1,192,219 shares of the company’s stock after buying an additional 630,361 shares during the period. Morgan Stanley owned 7.93% of Jamba worth $16,082,000 at the end of the most recent reporting period.

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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