Coffee (NASDAQ:JVA) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Coffee (NASDAQ:JVA) in a report issued on Tuesday. The firm issued a hold rating on the stock.

Coffee Trading Up 15.3 %

JVA opened at $4.07 on Tuesday. The company’s 50 day moving average is $3.22 and its 200-day moving average is $2.42. Coffee has a 1-year low of $0.78 and a 1-year high of $4.36. The company has a market cap of $23.24 million, a P/E ratio of 20.35 and a beta of 1.33.

Coffee (NASDAQ:JVA) last posted its earnings results on Friday, September 13th. The company reported $0.11 EPS for the quarter. Coffee had a net margin of 1.48% and a return on equity of 4.66%. The business had revenue of $18.81 million for the quarter.

Institutional Investors Weigh In On Coffee

Hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in Coffee during the 3rd quarter worth approximately $34,000. Integrated Wealth Concepts LLC bought a new position in Coffee during the 3rd quarter worth approximately $32,000. Finally, Renaissance Technologies LLC raised its holdings in Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after purchasing an additional 8,900 shares during the last quarter.

Coffee Company Profile

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.