Coffee (NASDAQ:JVA) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Coffee (NASDAQ:JVAFree Report) in a research note published on Thursday morning. The brokerage issued a hold rating on the stock.

Coffee Price Performance

Shares of NASDAQ JVA opened at $1.34 on Thursday. Coffee has a 1-year low of $0.67 and a 1-year high of $2.23. The company has a 50-day moving average of $1.13 and a two-hundred day moving average of $0.98.

Coffee (NASDAQ:JVAGet Free Report) last released its earnings results on Friday, February 9th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $18.76 million for the quarter. Coffee had a negative net margin of 1.23% and a negative return on equity of 3.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JVA. Ancora Advisors LLC lifted its stake in Coffee by 186.4% in the first quarter. Ancora Advisors LLC now owns 349,034 shares of the company’s stock valued at $1,725,000 after buying an additional 227,147 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Coffee in the 4th quarter valued at about $43,000. Raymond James & Associates boosted its position in shares of Coffee by 78.9% during the second quarter. Raymond James & Associates now owns 39,000 shares of the company’s stock worth $54,000 after buying an additional 17,200 shares during the period. Susquehanna International Group LLP bought a new position in shares of Coffee during the first quarter worth about $27,000. Finally, Renaissance Technologies LLC lifted its stake in Coffee by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock valued at $951,000 after acquiring an additional 8,120 shares in the last quarter.

About Coffee

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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.

Further Reading

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