Insider Buying: Coffee Holding Co., Inc. (NASDAQ:JVA) CEO Purchases 10,000 Shares of Stock

Coffee Holding Co., Inc. (NASDAQ:JVA) CEO Andrew Gordon purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were purchased at an average price of $2.09 per share, with a total value of $20,900.00. Following the completion of the transaction, the chief executive officer now directly owns 24,000 shares of the company’s stock, valued at approximately $50,160. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Andrew Gordon also recently made the following trade(s):

• On Monday, July 1st, Andrew Gordon purchased 10,000 shares of Coffee stock. The shares were purchased at an average price of $2.15 per share, with a total value of $21,500.00.

Coffee Trading Down 4.5 %

Shares of JVA opened at $2.12 on Thursday. Coffee Holding Co., Inc. has a one year low of $0.67 and a one year high of $2.46. The stock has a 50 day moving average price of $1.54 and a 200 day moving average price of $1.35.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Coffee in a research report on Thursday, June 27th. They set a “hold” rating for the company.

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.