Coffee (NASDAQ:JVA) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Coffee (NASDAQ:JVA) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Coffee Stock Performance

Shares of Coffee stock opened at $3.49 on Thursday. The stock has a market capitalization of $19.93 million, a PE ratio of 49.86 and a beta of 1.32. Coffee has a 52-week low of $0.67 and a 52-week high of $3.88. The company has a 50-day simple moving average of $2.70 and a two-hundred day simple moving average of $2.08.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC raised its holdings in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,564 shares of the company’s stock after buying an additional 8,900 shares during the period. Renaissance Technologies LLC owned about 5.68% of Coffee worth $759,000 at the end of the most recent quarter.

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.