Coffee (NASDAQ:JVA) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Coffee (NASDAQ:JVA) from a buy rating to a hold rating in a research report released on Wednesday.

Coffee Stock Performance

Shares of Coffee stock opened at $4.54 on Wednesday. The firm has a market cap of $25.92 million, a PE ratio of 11.64 and a beta of 1.38. Coffee has a 1 year low of $1.23 and a 1 year high of $9.93. The firm’s 50-day simple moving average is $5.18 and its 200-day simple moving average is $3.96.

Institutional Investors Weigh In On Coffee

A number of institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in Coffee during the third quarter worth $32,000. XTX Topco Ltd bought a new position in shares of Coffee in the 3rd quarter worth about $34,000. Empowered Funds LLC acquired a new position in shares of Coffee in the 4th quarter valued at about $69,000. Bridgeway Capital Management LLC bought a new stake in shares of Coffee during the 4th quarter valued at about $73,000. Finally, Dimensional Fund Advisors LP raised its stake in Coffee by 153.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock worth $110,000 after acquiring an additional 19,518 shares during the period.

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.