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

Investment analysts at StockNews.com started coverage on shares of Coffee (NASDAQ:JVA) in a research note issued to investors on Wednesday. The brokerage set a “buy” rating on the stock.

Coffee Price Performance

Shares of NASDAQ:JVA opened at $4.16 on Wednesday. Coffee has a 12-month low of $0.78 and a 12-month high of $4.59. The business has a 50-day moving average price of $3.25 and a 200 day moving average price of $2.47.

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

Hedge Funds Weigh In On Coffee

Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its holdings in shares of Coffee by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after acquiring an additional 8,900 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Coffee during the 3rd quarter valued at approximately $32,000. Finally, XTX Topco Ltd acquired a new stake in Coffee during the 3rd 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.