Coffee (NASDAQ:JVA) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Coffee (NASDAQ:JVA) in a report published on Friday. The brokerage issued a hold rating on the stock.

Coffee Stock Down 1.2 %

JVA stock opened at $3.19 on Friday. The stock’s 50 day simple moving average is $2.81 and its 200 day simple moving average is $2.15. Coffee has a fifty-two week low of $0.67 and a fifty-two week high of $3.88.

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

Institutional Trading of Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC raised its stake in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 324,564 shares of the company’s stock after purchasing an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned 5.68% of Coffee worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

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.