Coffee (NASDAQ:JVA) Stock Rating Lowered by StockNews.com

Coffee (NASDAQ:JVA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

Coffee Trading Down 9.2 %

JVA stock traded down $0.46 during trading on Wednesday, reaching $4.54. 390,496 shares of the stock were exchanged, compared to its average volume of 124,502. The business has a 50 day moving average price of $5.18 and a 200-day moving average price of $3.96. Coffee has a 1 year low of $1.23 and a 1 year high of $9.93. The firm has a market capitalization of $25.92 million, a price-to-earnings ratio of 11.64 and a beta of 1.38.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in Coffee during the 3rd quarter worth approximately $32,000. XTX Topco Ltd purchased a new stake in shares of Coffee during the 3rd quarter worth approximately $34,000. Empowered Funds LLC purchased a new stake in shares of Coffee during the 4th quarter worth approximately $69,000. Bridgeway Capital Management LLC purchased a new stake in shares of Coffee during the 4th quarter worth approximately $73,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Coffee by 153.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock worth $110,000 after buying an additional 19,518 shares during the last quarter.

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.