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

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

Coffee Price Performance

NASDAQ:JVA opened at $2.97 on Friday. Coffee has a 1-year low of $0.69 and a 1-year high of $3.88. The firm has a fifty day simple moving average of $2.90 and a 200 day simple moving average of $2.22.

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

Hedge Funds Weigh In On Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC grew its holdings in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

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.