Coffee (JVA) Cut to C+ at TheStreet

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TheStreet cut shares of Coffee (NASDAQ:JVA) from a b- rating to a c+ rating in a report released on Wednesday, TheStreetRatingsTable reports.

A number of other equities analysts have also weighed in on the stock. Maxim Group reiterated a buy rating and issued a $9.00 price target on shares of Coffee in a report on Tuesday, January 29th. ValuEngine upgraded shares of Coffee from a hold rating to a buy rating in a report on Monday, February 4th.

JVA traded down $0.04 during trading hours on Wednesday, reaching $4.80. The company’s stock had a trading volume of 6,599 shares, compared to its average volume of 79,502. Coffee has a fifty-two week low of $3.53 and a fifty-two week high of $7.79. The stock has a market capitalization of $26.81 million, a PE ratio of 28.59 and a beta of 1.80.

Coffee (NASDAQ:JVA) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). Coffee had a net margin of 1.02% and a return on equity of 3.60%. The business had revenue of $23.63 million during the quarter.

Several large investors have recently bought and sold shares of JVA. Morgan Stanley lifted its holdings in shares of Coffee by 156.9% during the 1st quarter. Morgan Stanley now owns 6,770 shares of the company’s stock valued at $36,000 after acquiring an additional 4,135 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Coffee in the first quarter valued at $57,000. Northern Trust Corp acquired a new position in shares of Coffee in the first quarter valued at $85,000. Bailard Inc. acquired a new position in shares of Coffee in the first quarter valued at $95,000. Finally, Algert Global LLC increased its holdings in shares of Coffee by 89.6% in the first quarter. Algert Global LLC now owns 28,017 shares of the company’s stock valued at $152,000 after purchasing an additional 13,237 shares during the last quarter. Institutional investors and hedge funds own 23.00% of the company’s stock.

Coffee Company Profile

Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.

Further Reading: Oversold

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