Shares of Jamba Inc. (NASDAQ:JMBA) saw unusually-strong trading volume on Thursday . Approximately 113,713 shares were traded during mid-day trading, an increase of 59% from the previous session’s volume of 71,684 shares.The stock last traded at $10.94 and had previously closed at $10.82.

Separately, Zacks Investment Research raised shares of Jamba from a “strong sell” rating to a “hold” rating in a report on Thursday, July 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.00.

The stock has a 50-day moving average price of $10.46 and a 200 day moving average price of $11.91. The firm has a market cap of $161.93 million and a PE ratio of 20.44.

Jamba (NASDAQ:JMBA) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.10. During the same quarter last year, the firm posted $0.19 EPS. The firm had revenue of $21.50 million for the quarter, compared to the consensus estimate of $22.65 million. The business’s revenue for the quarter was down 60.3% on a year-over-year basis. Equities analysts expect 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 increased its stake in Jamba Inc. (NASDAQ:JMBA) by 112.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 about 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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