StockNews.com Initiates Coverage on Coffee (NASDAQ:JVA)

StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a research report released on Friday. The firm issued a hold rating on the stock.

Coffee Stock Down 1.2 %

Shares of NASDAQ JVA opened at $3.19 on Friday. The firm’s 50-day moving average price is $2.81 and its 200-day moving average price is $2.16. The company has a market cap of $18.21 million, a PE ratio of 45.57 and a beta of 1.32. Coffee has a 52-week low of $0.67 and a 52-week high of $3.88.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Friday, September 13th. The company reported $0.11 earnings per share (EPS) 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 increased its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 324,564 shares of the company’s stock after buying an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned 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.