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

StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a research report report published on Tuesday morning. The brokerage issued a hold rating on the stock.

Coffee Price Performance

Coffee stock opened at $3.41 on Tuesday. The firm has a market cap of $19.47 million, a price-to-earnings ratio of 17.40 and a beta of 1.33. Coffee has a fifty-two week low of $0.78 and a fifty-two week high of $3.88. The firm has a fifty day moving average price of $3.20 and a two-hundred day moving average price of $2.39.

Coffee (NASDAQ:JVA) last posted its quarterly earnings data 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 company had revenue of $18.81 million for the quarter.

Institutional Trading of Coffee

Several large investors have recently added to or reduced their stakes in JVA. Renaissance Technologies LLC grew its stake in Coffee by 2.8% during the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after buying an additional 8,900 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Coffee during the third quarter worth approximately $32,000. Finally, XTX Topco Ltd acquired a new position in shares of Coffee during the third quarter worth approximately $34,000.

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.