StockNews.com Downgrades Coffee (NASDAQ:JVA) to Hold

Coffee (NASDAQ:JVA) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Coffee Trading Down 0.3 %

Shares of NASDAQ JVA traded down $0.01 during midday trading on Thursday, hitting $3.76. The company’s stock had a trading volume of 32,947 shares, compared to its average volume of 77,475. Coffee has a 12-month low of $1.00 and a 12-month high of $4.66. The business’s 50 day moving average is $3.69 and its two-hundred day moving average is $2.99.

Institutional Trading of Coffee

Several institutional investors and hedge funds have recently made changes to their positions in JVA. Integrated Wealth Concepts LLC purchased a new position in Coffee in the 3rd quarter worth about $32,000. XTX Topco Ltd purchased a new stake in Coffee in the 3rd quarter valued at about $34,000. Finally, Renaissance Technologies LLC grew its stake 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 acquiring an additional 8,900 shares in 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.