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

Equities researchers at StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Coffee Price Performance

Shares of JVA stock opened at $3.36 on Thursday. The stock has a market cap of $19.19 million, a P/E ratio of 48.00 and a beta of 1.32. Coffee has a one year low of $0.67 and a one year high of $3.88. The stock has a fifty day moving average price of $2.64 and a 200 day moving average price of $2.06.

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

Institutional Trading of Coffee

A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC increased its position in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 324,564 shares of the company’s stock after purchasing 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.

About Coffee

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.