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

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

Coffee Stock Performance

Coffee stock opened at $3.63 on Monday. The stock’s 50 day moving average is $3.17 and its 200 day moving average is $2.35. Coffee has a twelve month low of $0.78 and a twelve month high of $3.88.

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

Institutional Investors Weigh In On Coffee

Hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC purchased a new stake in shares of Coffee in the third quarter worth approximately $32,000. XTX Topco Ltd purchased a new stake in shares of Coffee during the 3rd quarter worth $34,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Coffee by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after buying an additional 8,900 shares in the last quarter.

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.