Coffee (NASDAQ:JVA) Now Covered by StockNews.com

StockNews.com started coverage on shares of Coffee (NASDAQ:JVA) in a report released on Saturday. The firm issued a hold rating on the stock.

Coffee Stock Performance

NASDAQ JVA opened at $2.99 on Friday. The company has a 50-day moving average price of $2.89 and a two-hundred day moving average price of $2.20. Coffee has a 52 week low of $0.68 and a 52 week high of $3.88.

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

Institutional Trading of Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC increased its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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.