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

StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a research report report published on Friday. The firm issued a hold rating on the stock.

Coffee Stock Down 3.0 %

Shares of JVA opened at $2.29 on Friday. The company has a 50 day moving average price of $2.25 and a 200-day moving average price of $1.72. Coffee has a fifty-two week low of $0.67 and a fifty-two week high of $3.25.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC raised its stake in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,564 shares of the company’s stock after purchasing an additional 8,900 shares during the period. Renaissance Technologies LLC owned 5.68% of Coffee worth $759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.