Coffee (NASDAQ:JVA) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Coffee (NASDAQ:JVA) from a hold rating to a buy rating in a research report report published on Monday morning.

Coffee Stock Performance

Shares of NASDAQ JVA opened at $4.43 on Monday. The firm’s 50 day moving average price is $3.83 and its 200-day moving average price is $3.15. The company has a market cap of $25.30 million, a PE ratio of 11.36 and a beta of 1.42. Coffee has a 52-week low of $1.02 and a 52-week high of $5.27.

Institutional Trading of Coffee

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JVA. Integrated Wealth Concepts LLC bought a new position in shares of Coffee during the third quarter worth $32,000. XTX Topco Ltd bought a new position in shares of Coffee during the third quarter worth $34,000. Empowered Funds LLC bought a new position in shares of Coffee during the fourth quarter worth $69,000. Sheaff Brock Investment Advisors LLC bought a new position in shares of Coffee during the fourth quarter worth $120,000. Finally, Renaissance Technologies LLC boosted its position in shares of Coffee by 2.8% during the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after acquiring an additional 8,900 shares during the last quarter.

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.