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

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

Coffee Price Performance

Shares of JVA stock opened at $3.99 on Wednesday. Coffee has a one year low of $0.78 and a one year high of $4.59. The company’s 50-day moving average is $3.26 and its 200 day moving average is $2.49.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new position in Coffee during the third quarter valued at approximately $32,000. XTX Topco Ltd purchased a new position in Coffee during the third quarter valued at approximately $34,000. Finally, Renaissance Technologies LLC lifted its holdings in Coffee by 2.8% during the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $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.