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

StockNews.com assumed coverage on shares of Coffee (NASDAQ:JVA) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the stock.

Coffee Stock Up 4.8 %

JVA stock opened at $3.52 on Thursday. The company has a market cap of $20.10 million, a price-to-earnings ratio of 50.29 and a beta of 1.32. Coffee has a twelve month low of $0.67 and a twelve month high of $3.88. The business has a 50 day moving average price of $2.67 and a two-hundred day moving average price of $2.07.

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

Institutional Investors Weigh In On Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC grew its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 324,564 shares of the company’s stock after buying an additional 8,900 shares during the period. Renaissance Technologies LLC owned 5.68% of Coffee worth $759,000 at the end of the most recent quarter.

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.