Coffee (NASDAQ:JVA) posted its earnings results on Friday. The company reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.07), MarketWatch Earnings reports. Coffee had a net margin of 1.23% and a return on equity of 3.99%. The firm had revenue of $23.44 million during the quarter.
NASDAQ:JVA traded down $0.35 during midday trading on Friday, reaching $4.95. The stock had a trading volume of 52,572 shares, compared to its average volume of 10,732. Coffee has a 1-year low of $3.65 and a 1-year high of $5.75. The firm has a market capitalization of $29.45 million, a PE ratio of 28.69 and a beta of 1.16.
Separately, ValuEngine lowered shares of Coffee from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th.
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Canada, Australia, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.
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