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

Analysts at StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the stock.

Coffee Trading Down 1.3 %

Shares of JVA stock opened at $2.99 on Friday. The business’s 50 day moving average is $2.89 and its two-hundred day moving average is $2.20. Coffee has a twelve month low of $0.68 and a twelve month high of $3.88.

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

Institutional Trading of Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC boosted its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 SEC.

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.