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

StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a report issued on Wednesday morning. The brokerage issued a hold rating on the stock.

Coffee Price Performance

Shares of Coffee stock opened at $3.14 on Wednesday. The business has a 50 day moving average price of $2.55 and a 200 day moving average price of $2.02. The company has a market capitalization of $17.93 million, a P/E ratio of 44.86 and a beta of 1.32. Coffee has a 1 year low of $0.67 and a 1 year high of $3.88.

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

Institutional Trading of Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC boosted its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the second quarter, according to the company in its most recent filing 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 5.68% of Coffee worth $759,000 at the end of the most recent reporting period.

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.