Coffee (NASDAQ:JVA) Cut to “Hold” at StockNews.com

Coffee (NASDAQ:JVA) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

Coffee Stock Performance

Coffee stock opened at $4.34 on Wednesday. The company has a market capitalization of $24.78 million, a PE ratio of 11.13 and a beta of 1.38. Coffee has a fifty-two week low of $1.23 and a fifty-two week high of $9.93. The company has a 50 day moving average price of $5.19 and a 200-day moving average price of $3.96.

Hedge Funds Weigh In On Coffee

A number of large investors have recently bought and sold shares of JVA. Integrated Wealth Concepts LLC acquired a new position in shares of Coffee during the third quarter worth $32,000. XTX Topco Ltd acquired a new position in shares of Coffee during the third quarter worth $34,000. Empowered Funds LLC acquired a new position in shares of Coffee during the fourth quarter worth $69,000. Bridgeway Capital Management LLC acquired a new position in shares of Coffee during the fourth quarter worth $73,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Coffee by 153.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock worth $110,000 after purchasing an additional 19,518 shares in 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.