Shares of Jamba Inc. (NASDAQ:JMBA) saw strong trading volume on Wednesday . 268,592 shares changed hands during trading, an increase of 211% from the previous session’s volume of 86,291 shares.The stock last traded at $10.88 and had previously closed at $10.87.

Several research analysts have recently commented on the stock. Zacks Investment Research cut shares of Jamba from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet lowered shares of Jamba from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $16.00 price target (up previously from $15.00) on shares of Jamba in a research report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Jamba presently has a consensus rating of “Hold” and a consensus target price of $16.00.

The stock’s market cap is $166.73 million. The stock has a 50 day moving average of $10.52 and a 200-day moving average of $11.86.

Jamba (NASDAQ:JMBA) last posted its earnings results on Thursday, August 4th. The company reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.10. The firm had revenue of $21.50 million for the quarter, compared to analysts’ expectations of $22.65 million. The company’s revenue for the quarter was down 60.3% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. Equities research analysts forecast that Jamba Inc. will post $0.18 earnings per share 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 Form 13F filing with the SEC. 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 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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