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

StockNews.com assumed coverage on shares of Coffee (NASDAQ:JVA) in a research note published on Sunday morning. The brokerage issued a hold rating on the stock.

Coffee Stock Down 5.8 %

Shares of JVA stock opened at $2.99 on Friday. The stock has a 50-day simple moving average of $3.01 and a 200 day simple moving average of $2.28. Coffee has a fifty-two week low of $0.76 and a fifty-two week high of $3.88.

Coffee (NASDAQ:JVA) last announced its quarterly earnings data on Friday, September 13th. The company reported $0.11 earnings per share (EPS) for the quarter. Coffee had a net margin of 1.48% and a return on equity of 4.66%. The company had revenue of $18.81 million for the quarter.

Hedge Funds Weigh In On Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC lifted its position in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 324,564 shares of the company’s stock after acquiring an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned approximately 5.68% of Coffee worth $759,000 as of its most recent filing with the 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.