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

StockNews.com started coverage on shares of Coffee (NASDAQ:JVA) in a research note issued to investors on Monday morning. The firm issued a hold rating on the stock.

Coffee Stock Performance

Shares of JVA opened at $3.38 on Monday. The firm’s 50-day simple moving average is $2.37 and its two-hundred day simple moving average is $1.86. Coffee has a fifty-two week low of $0.67 and a fifty-two week high of $3.88. The stock has a market cap of $19.30 million, a PE ratio of 48.29 and a beta of 1.30.

Institutional Trading of Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC lifted its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 324,564 shares of the company’s stock after purchasing an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned 5.68% of Coffee worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.