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

Stock analysts at StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a report issued on Monday. The firm set a “hold” rating on the stock.

Coffee Trading Down 2.1 %

Shares of JVA stock opened at $3.26 on Monday. Coffee has a 12 month low of $0.76 and a 12 month high of $3.88. The firm has a fifty day moving average price of $3.11 and a 200 day moving average price of $2.33.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new stake in shares of Coffee in the third quarter valued at approximately $34,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Coffee in the third quarter valued at approximately $32,000. Finally, Renaissance Technologies LLC grew its holdings in Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after buying an additional 8,900 shares during the last quarter.

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.