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

StockNews.com started coverage on shares of Coffee (NASDAQ:JVA) in a research note published on Tuesday morning. The brokerage issued a hold rating on the stock.

Coffee Price Performance

Shares of JVA opened at $4.07 on Tuesday. The firm has a market capitalization of $23.24 million, a PE ratio of 20.35 and a beta of 1.33. The company’s 50-day moving average is $3.22 and its 200-day moving average is $2.42. Coffee has a fifty-two week low of $0.78 and a fifty-two week high of $4.36.

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

Hedge Funds Weigh In On Coffee

A number of hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC bought a new position in Coffee in the 3rd quarter valued at about $32,000. XTX Topco Ltd bought a new position in Coffee in the 3rd quarter valued at 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.

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.