Renaissance Technologies LLC Buys 8,900 Shares of Coffee Holding Co., Inc. (NASDAQ:JVA)

Renaissance Technologies LLC boosted its stake in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,564 shares of the company’s stock after buying an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned approximately 5.68% of Coffee worth $759,000 as of its most recent SEC filing.

Coffee Price Performance

NASDAQ:JVA opened at $2.75 on Wednesday. The firm has a market cap of $15.70 million, a PE ratio of 39.29 and a beta of 1.32. The company has a 50-day moving average of $2.51 and a 200 day moving average of $2.00. Coffee Holding Co., Inc. has a 1-year low of $0.67 and a 1-year high of $3.88.

Coffee (NASDAQ:JVA) last announced its earnings results on Friday, September 13th. The company reported $0.11 earnings per share (EPS) 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Coffee in a research note on Wednesday. They set a “hold” rating for the company.

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.