Coffee (NASDAQ:JVA) Earns Hold Rating from Analysts at StockNews.com

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

Coffee Trading Up 0.0 %

NASDAQ JVA opened at $2.17 on Friday. The firm’s 50 day simple moving average is $2.24 and its 200 day simple moving average is $1.78. Coffee has a 1 year low of $0.67 and a 1 year high of $3.25.

Institutional Trading of Coffee

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