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

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

Coffee Price Performance

Shares of NASDAQ:JVA opened at $3.39 on Monday. Coffee has a 52-week low of $0.78 and a 52-week high of $3.88. The business’s 50 day moving average is $3.14 and its 200 day moving average is $2.34.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its holdings in Coffee by 2.8% in the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after acquiring an additional 8,900 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of Coffee during the third quarter valued at approximately $32,000. Finally, XTX Topco Ltd acquired a new position in Coffee in the 3rd quarter valued at $34,000.

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.