Jamba Inc. (NASDAQ:JMBA) shares were up 3.4% on Monday . The stock traded as high as $10.67 and last traded at $10.67, with a volume of 88,199 shares trading hands. The stock had previously closed at $10.32.

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

The company’s 50-day moving average price is $10.53 and its 200 day moving average price is $12.10. The stock has a market cap of $161.32 million and a PE ratio of 20.36.

Jamba (NASDAQ:JMBA) last announced its quarterly earnings data on Thursday, May 5th. The company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by $0.04. The business earned $18.80 million during the quarter, compared to analysts’ expectations of $18.41 million. The business’s revenue was down 64.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. 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 stake in Jamba Inc. (NASDAQ:JMBA) by 112.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the SEC.

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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