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

Equities researchers at StockNews.com assumed coverage on shares of Coffee (NASDAQ:JVA) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

Coffee Trading Down 0.3 %

Coffee stock opened at $3.48 on Tuesday. Coffee has a 1 year low of $0.78 and a 1 year high of $3.88. The company’s 50-day moving average is $3.20 and its two-hundred day moving average is $2.39. The company has a market cap of $19.87 million, a PE ratio of 17.40 and a beta of 1.33.

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

Hedge Funds Weigh In On Coffee

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in Coffee by 2.8% in the second 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 period. XTX Topco Ltd bought a new stake in shares of Coffee in the 3rd quarter valued at $34,000. Finally, Integrated Wealth Concepts LLC acquired a new stake in Coffee during the 3rd quarter worth $32,000.

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.