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

Analysts at StockNews.com began coverage on shares of Coffee (NASDAQ:JVA) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Coffee Price Performance

Shares of JVA stock opened at $3.53 on Tuesday. The firm has a 50-day moving average price of $3.21 and a 200 day moving average price of $2.40. Coffee has a twelve month low of $0.78 and a twelve month high of $3.88.

Coffee (NASDAQ:JVA) last announced its quarterly earnings data on Friday, September 13th. The company reported $0.11 earnings per share (EPS) for the quarter. The business 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

Several large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in shares of Coffee during the 3rd quarter worth $34,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Coffee during the 3rd quarter worth about $32,000. Finally, Renaissance Technologies LLC increased its position in Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after purchasing an additional 8,900 shares in the last quarter.

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.