Separately, TheStreet cut Coffee from a c- rating to a d rating in a research note on Thursday, June 23rd.
Coffee Price Performance
Shares of JVA opened at $2.43 on Friday. The stock has a market capitalization of $13.87 million, a PE ratio of 81.00 and a beta of 1.22. Coffee has a 12-month low of $2.31 and a 12-month high of $5.35. The business’s fifty day moving average price is $2.66 and its 200 day moving average price is $3.07.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC increased its stake in Coffee by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock worth $951,000 after purchasing an additional 8,120 shares in the last quarter. Fosun International Ltd increased its stake in Coffee by 9.2% in the 4th quarter. Fosun International Ltd now owns 118,468 shares of the company’s stock worth $513,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Ancora Advisors LLC increased its stake in Coffee by 186.4% in the 1st quarter. Ancora Advisors LLC now owns 349,034 shares of the company’s stock worth $1,725,000 after purchasing an additional 227,147 shares in the last quarter. 20.43% of the stock is owned by institutional investors and hedge funds.
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as coffee shop operators.
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