Coffee (NASDAQ:JVA) Coverage Initiated at StockNews.com

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

Coffee Trading Down 3.4 %

NASDAQ:JVA opened at $2.88 on Wednesday. The stock’s 50-day moving average is $2.53 and its 200-day moving average is $2.01. Coffee has a 1-year low of $0.67 and a 1-year high of $3.88. The stock has a market cap of $16.44 million, a P/E ratio of 41.14 and a beta of 1.32.

Coffee (NASDAQ:JVA) last posted its earnings results on Friday, September 13th. The company reported $0.11 earnings per share for the quarter. The firm had revenue of $18.81 million for the quarter. Coffee had a net margin of 1.48% and a return on equity of 4.66%.

Institutional Trading of Coffee

A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC grew its holdings in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 324,564 shares of the company’s stock after acquiring an additional 8,900 shares during the period. Renaissance Technologies LLC owned 5.68% of Coffee worth $759,000 as of its most recent SEC filing.

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.