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

StockNews.com began coverage on shares of Coffee (NASDAQ:JVA) in a research report sent to investors on Monday. The firm issued a hold rating on the stock.

Coffee Stock Performance

JVA opened at $3.33 on Monday. Coffee has a 1-year low of $0.76 and a 1-year high of $3.88. The company’s fifty day moving average price is $3.09 and its two-hundred day moving average price is $2.32.

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

Institutional Investors Weigh In On Coffee

Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of Coffee in the third quarter valued at about $34,000. Integrated Wealth Concepts LLC bought a new stake in Coffee in the 3rd quarter worth about $32,000. Finally, Renaissance Technologies LLC grew its position in Coffee by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after purchasing an additional 8,900 shares in the last 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.