Coffee (NASDAQ:JVA) Earns Hold Rating from Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Coffee (NASDAQ:JVA) in a report issued on Monday. The brokerage set a “hold” rating on the stock.

Coffee Stock Up 5.2 %

Shares of NASDAQ JVA opened at $3.23 on Monday. Coffee has a 12 month low of $0.76 and a 12 month high of $3.88. The firm’s 50 day simple moving average is $3.06 and its 200-day simple moving average is $2.31.

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. Coffee had a net margin of 1.48% and a return on equity of 4.66%. The firm had revenue of $18.81 million for the quarter.

Institutional Investors Weigh In On Coffee

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its stake 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 during the last quarter. XTX Topco Ltd purchased a new position in shares of Coffee during the 3rd quarter worth $34,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Coffee during the 3rd quarter worth $32,000.

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.