Coffee (NASDAQ:JVA) Stock Rating Lowered by StockNews.com

Coffee (NASDAQ:JVA) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Coffee Trading Down 2.7 %

Shares of NASDAQ:JVA opened at $3.66 on Thursday. Coffee has a 12-month low of $1.01 and a 12-month high of $4.66. The stock has a fifty day simple moving average of $3.71 and a two-hundred day simple moving average of $3.01.

Institutional Trading of Coffee

Several institutional investors have recently bought and sold shares of JVA. XTX Topco Ltd bought a new position in shares of Coffee in the third quarter worth approximately $34,000. Integrated Wealth Concepts LLC bought a new stake in shares of Coffee during the third quarter valued at approximately $32,000. Finally, Renaissance Technologies LLC raised its holdings in Coffee by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after acquiring an additional 8,900 shares during the last quarter.

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.