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

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

Coffee Stock Performance

Shares of Coffee stock opened at $3.14 on Wednesday. The company’s fifty day moving average is $2.55 and its two-hundred day moving average is $2.02. Coffee has a 1 year low of $0.67 and a 1 year high of $3.88. The company has a market capitalization of $17.93 million, a P/E ratio of 44.86 and a beta of 1.32.

Coffee (NASDAQ:JVA) last released 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 return on equity of 4.66% and a net margin of 1.48%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC grew its stake in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 324,564 shares of the company’s stock after purchasing an additional 8,900 shares during the period. Renaissance Technologies LLC owned approximately 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.