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

Investment analysts at StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a report issued on Tuesday. The firm set a “hold” rating on the stock.

Coffee Price Performance

JVA opened at $3.53 on Tuesday. Coffee has a 12 month low of $0.78 and a 12 month high of $3.88. The business has a 50 day simple moving average of $3.21 and a 200-day simple moving average of $2.40.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in shares of Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after buying an additional 8,900 shares during the last quarter. XTX Topco Ltd acquired a new position in Coffee during the third quarter worth about $34,000. Finally, Integrated Wealth Concepts LLC acquired 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.