Coffee (NASDAQ:JVA) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Coffee (NASDAQ:JVA) from a buy rating to a hold rating in a research note published on Wednesday morning.

Coffee Trading Down 7.4 %

Shares of NASDAQ:JVA opened at $4.02 on Wednesday. The stock’s 50-day moving average price is $5.20 and its 200-day moving average price is $3.98. Coffee has a 12-month low of $1.23 and a 12-month high of $9.93. The stock has a market capitalization of $22.95 million, a P/E ratio of 10.31 and a beta of 1.38.

Coffee (NASDAQ:JVA) last posted its earnings results on Friday, March 21st. The company reported $0.20 earnings per share (EPS) for the quarter. Coffee had a return on equity of 8.97% and a net margin of 2.82%.

Institutional Trading of Coffee

Large investors have recently modified their holdings of the business. Bridgeway Capital Management LLC bought a new stake in Coffee during the 4th quarter valued at approximately $73,000. Dimensional Fund Advisors LP boosted its position in Coffee by 153.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock valued at $110,000 after acquiring an additional 19,518 shares in the last quarter. Quinn Opportunity Partners LLC boosted its position in Coffee by 37.1% during the 4th quarter. Quinn Opportunity Partners LLC now owns 55,477 shares of the company’s stock valued at $190,000 after acquiring an additional 15,000 shares in the last quarter. Renaissance Technologies LLC boosted its position in Coffee by 15.9% during the 4th quarter. Renaissance Technologies LLC now owns 381,964 shares of the company’s stock valued at $1,306,000 after acquiring an additional 52,500 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in Coffee during the 4th quarter valued at approximately $120,000.

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.