Coffee (NASDAQ:JVA) Earns Hold Rating from Analysts at StockNews.com

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

Coffee Price Performance

Shares of JVA opened at $3.53 on Tuesday. The business’s 50 day moving average is $3.21 and its 200 day moving average is $2.41. Coffee has a 12-month low of $0.78 and a 12-month high of $3.88.

Coffee (NASDAQ:JVA) last released its quarterly earnings data on Friday, September 13th. The company reported $0.11 earnings per share (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 for the quarter.

Institutional Investors Weigh In On Coffee

Large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Coffee during the 3rd quarter valued at approximately $32,000. XTX Topco Ltd bought a new position in shares of Coffee during the 3rd quarter valued at approximately $34,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Coffee by 2.8% in the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after purchasing 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.