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

Analysts at StockNews.com assumed coverage on shares of Coffee (NASDAQ:JVA) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

Coffee Stock Up 5.2 %

NASDAQ JVA opened at $3.23 on Monday. Coffee has a 1-year low of $0.76 and a 1-year high of $3.88. The stock has a 50-day moving average of $3.06 and a two-hundred day moving average of $2.31.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Friday, September 13th. The company reported $0.11 earnings per share (EPS) for the quarter. The firm 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%.

Institutional Investors Weigh In On Coffee

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its stake in shares of Coffee by 2.8% during the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after purchasing an additional 8,900 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Coffee during the third quarter valued at $34,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Coffee during the third quarter worth about $32,000.

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.