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

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

Coffee Trading Up 6.8 %

Shares of NASDAQ JVA opened at $1.72 on Tuesday. The firm’s 50-day moving average price is $1.37 and its 200-day moving average price is $1.05. Coffee has a 1-year low of $0.67 and a 1-year high of $2.03.

Coffee (NASDAQ:JVA) last posted its earnings results on Monday, March 18th. The company reported $0.06 earnings per share for the quarter. Coffee had a net margin of 0.07% and a return on equity of 0.20%. The company had revenue of $19.54 million for the quarter.

Institutional Investors Weigh In On Coffee

Institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC grew its position in Coffee by 186.4% in the 1st quarter. Ancora Advisors LLC now owns 349,034 shares of the company’s stock worth $1,725,000 after purchasing an additional 227,147 shares in the last quarter. Renaissance Technologies LLC grew its position in Coffee by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock worth $951,000 after purchasing an additional 8,120 shares in the last quarter. Millennium Management LLC bought a new stake in Coffee in the 4th quarter worth about $43,000. Citadel Advisors LLC grew its position in Coffee by 50.2% in the 2nd quarter. Citadel Advisors LLC now owns 23,045 shares of the company’s stock worth $32,000 after purchasing an additional 7,699 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Coffee in the 1st quarter worth about $27,000.

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.