Coffee (NASDAQ:JVA) Research Coverage Started at StockNews.com

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

Coffee Trading Down 1.2 %

NASDAQ:JVA opened at $3.19 on Friday. The company has a 50-day moving average price of $2.81 and a 200-day moving average price of $2.16. Coffee has a 12 month low of $0.67 and a 12 month high of $3.88. The stock has a market cap of $18.21 million, a price-to-earnings ratio of 45.57 and a beta of 1.32.

Coffee (NASDAQ:JVA) last posted its earnings results on Friday, September 13th. The company reported $0.11 EPS for the quarter. Coffee had a net margin of 1.48% and a return on equity of 4.66%. The firm had revenue of $18.81 million during the quarter.

Institutional Inflows and Outflows

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

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.