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

StockNews.com began coverage on shares of Coffee (NASDAQ:JVA) in a research report report published on Wednesday. The brokerage issued a hold rating on the stock.

Coffee Stock Up 3.1 %

Coffee stock opened at $2.19 on Wednesday. The business has a 50 day moving average price of $2.06 and a two-hundred day moving average price of $1.62. Coffee has a 12 month low of $0.67 and a 12 month high of $3.25. The stock has a market cap of $12.50 million, a price-to-earnings ratio of 31.29 and a beta of 1.31.

Hedge Funds Weigh In On Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC lifted its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 324,564 shares of the company’s stock after acquiring an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned approximately 5.68% of Coffee worth $759,000 at the end of the most recent reporting period.

About Coffee

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.