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

StockNews.com began coverage on shares of Coffee (NASDAQ:JVA) in a research note released on Sunday. The brokerage issued a hold rating on the stock.

Coffee Stock Performance

Shares of JVA opened at $3.17 on Friday. The stock has a 50-day simple moving average of $2.99 and a 200-day simple moving average of $2.28. Coffee has a 1 year low of $0.69 and a 1 year high of $3.88. The stock has a market capitalization of $18.10 million, a PE ratio of 15.85 and a beta of 1.33.

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

Institutional Trading of Coffee

A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC increased its holdings in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the 2nd 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 purchasing an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned approximately 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.