Coffee (NASDAQ:JVA) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Coffee Trading Down 0.3 %

JVA opened at $3.48 on Tuesday. The firm’s fifty day simple moving average is $3.20 and its 200 day simple moving average is $2.39. The stock has a market capitalization of $19.87 million, a P/E ratio of 17.40 and a beta of 1.33. Coffee has a 12 month low of $0.78 and a 12 month high of $3.88.

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

Institutional Trading of Coffee

A number of hedge funds have recently modified their holdings of JVA. Integrated Wealth Concepts LLC acquired a new position in Coffee in the third quarter valued at about $32,000. XTX Topco Ltd acquired a new stake in Coffee during the third quarter worth about $34,000. Finally, Renaissance Technologies LLC increased its holdings in Coffee by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after buying an additional 8,900 shares during the 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.