Coffee (NASDAQ:JVA – Get Free Report) released its earnings results on Friday. The company reported $0.20 earnings per share for the quarter, Zacks reports. Coffee had a net margin of 2.82% and a return on equity of 8.97%.
Coffee Trading Up 4.3 %
Shares of JVA stock traded up $0.19 during trading on Friday, reaching $4.53. 421,295 shares of the company’s stock traded hands, compared to its average volume of 126,369. Coffee has a 1 year low of $1.23 and a 1 year high of $9.93. The company has a market capitalization of $25.84 million, a P/E ratio of 11.68 and a beta of 1.38. The firm’s 50-day moving average is $5.19 and its 200 day moving average is $3.96.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Coffee from a “buy” rating to a “hold” rating in a research report on Wednesday.
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.
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