StockNews.com Begins Coverage on Coffee (NASDAQ:JVA)

StockNews.com started coverage on shares of Coffee (NASDAQ:JVA) in a research note published on Tuesday. The firm issued a hold rating on the stock.

Coffee Price Performance

Shares of Coffee stock opened at $2.97 on Tuesday. The company’s 50 day moving average price is $2.48 and its two-hundred day moving average price is $1.95. The firm has a market capitalization of $16.96 million, a P/E ratio of 42.43 and a beta of 1.30. Coffee has a fifty-two week low of $0.67 and a fifty-two week high of $3.88.

Institutional Investors Weigh In On Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC raised its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 324,564 shares of the company’s stock after acquiring an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned approximately 5.68% of Coffee worth $759,000 as of its most recent SEC filing.

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.