StockNews.com Initiates Coverage on Coffee (NASDAQ:JVA)

Investment analysts at StockNews.com assumed coverage on shares of Coffee (NASDAQ:JVA) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Coffee Stock Performance

NASDAQ:JVA opened at $3.30 on Friday. The firm has a fifty day simple moving average of $2.95 and a two-hundred day simple moving average of $2.25. Coffee has a 12 month low of $0.69 and a 12 month high of $3.88.

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 company had revenue of $18.81 million during the quarter.

Hedge Funds Weigh In On Coffee

A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC increased its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 324,564 shares of the company’s stock after acquiring an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned about 5.68% of Coffee worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

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.