Coffee (NASDAQ:JVA) Upgraded at StockNews.com

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

Coffee Stock Performance

NASDAQ JVA traded up $0.48 during trading hours on Monday, hitting $4.43. 1,561,644 shares of the company’s stock were exchanged, compared to its average volume of 169,178. Coffee has a 12-month low of $1.02 and a 12-month high of $5.27. The business’s 50 day moving average is $3.83 and its 200-day moving average is $3.15. The firm has a market capitalization of $25.30 million, a P/E ratio of 11.36 and a beta of 1.42.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC acquired a new position in Coffee in the third quarter worth approximately $32,000. XTX Topco Ltd bought a new stake in shares of Coffee in the 3rd quarter worth approximately $34,000. Empowered Funds LLC acquired a new position in shares of Coffee in the 4th quarter valued at $69,000. Sheaff Brock Investment Advisors LLC acquired a new position in Coffee during the fourth quarter worth $120,000. Finally, Renaissance Technologies LLC grew its position in Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after acquiring an additional 8,900 shares during 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.