Coffee (NASDAQ:JVA) Upgraded by StockNews.com to Buy Rating

Coffee (NASDAQ:JVA) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday.

Coffee Stock Performance

Shares of NASDAQ JVA traded up $0.48 during trading on Monday, hitting $4.43. 1,561,644 shares of the company traded hands, compared to its average volume of 169,178. Coffee has a fifty-two week low of $1.02 and a fifty-two week high of $5.27. The business’s fifty day moving average is $3.83 and its 200 day moving average is $3.15. The firm has a market capitalization of $25.30 million, a price-to-earnings ratio of 11.36 and a beta of 1.42.

Institutional Investors Weigh In On Coffee

Several institutional investors and hedge funds have recently modified their holdings of JVA. 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 valued at $759,000 after buying an additional 8,900 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Coffee during the 3rd quarter valued at about $32,000. XTX Topco Ltd bought a new position in Coffee in the 3rd quarter worth $34,000. Empowered Funds LLC purchased a new position in Coffee during the fourth quarter valued at approximately $69,000. Finally, Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Coffee during the fourth quarter worth about $120,000.

Coffee Company Profile

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.