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

StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a research report sent to investors on Sunday morning. The brokerage issued a hold rating on the stock.

Coffee Trading Down 5.8 %

Shares of NASDAQ:JVA opened at $2.99 on Friday. Coffee has a 1 year low of $0.76 and a 1 year high of $3.88. The business has a fifty day simple moving average of $3.01 and a 200 day simple moving average of $2.28.

Coffee (NASDAQ:JVA) last posted its quarterly earnings results on Friday, September 13th. The company reported $0.11 earnings per share for the quarter. The company 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC lifted its stake in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 324,564 shares of the company’s stock after acquiring 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 reporting period.

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.