Coffee (NASDAQ:JVA) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVAFree Report) in a research note released on Sunday morning. The firm issued a hold rating on the stock.

Coffee Stock Performance

NASDAQ:JVA opened at $3.17 on Friday. Coffee has a fifty-two week low of $0.69 and a fifty-two week high of $3.88. The company has a 50 day moving average price of $2.99 and a 200 day moving average price of $2.28. The stock has a market capitalization of $18.10 million, a P/E ratio of 15.85 and a beta of 1.33.

Coffee (NASDAQ:JVAGet Free Report) last released its quarterly earnings results on Friday, September 13th. The company reported $0.11 EPS for the quarter. Coffee had a return on equity of 4.66% and a net margin of 1.48%. The company had revenue of $18.81 million for the quarter.

Institutional Trading of Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC increased its holdings in shares of Coffee Holding Co., Inc. (NASDAQ:JVAFree Report) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 324,564 shares of the company’s stock after buying an additional 8,900 shares during the period. Renaissance Technologies LLC owned about 5.68% of Coffee worth $759,000 at the end of the most recent quarter.

About Coffee

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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.

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