Initiates Coverage on Coffee (NASDAQ:JVA) started coverage on shares of Coffee (NASDAQ:JVAGet Rating) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the stock.

Coffee Stock Up 0.9 %

JVA opened at $2.33 on Monday. The company has a fifty day moving average price of $2.37 and a 200-day moving average price of $2.58. The firm has a market capitalization of $13.30 million, a P/E ratio of 33.29 and a beta of 1.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 5.51 and a quick ratio of 1.97. Coffee has a one year low of $2.00 and a one year high of $4.70.

Coffee (NASDAQ:JVAGet Rating) last posted its quarterly earnings results on Wednesday, September 14th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $17.01 million during the quarter. Coffee had a net margin of 0.58% and a return on equity of 1.36%.

Institutional Investors Weigh In On Coffee

An institutional investor recently raised its position in Coffee stock. Ancora Advisors LLC grew its position in shares of Coffee Holding Co., Inc. (NASDAQ:JVAGet Rating) by 186.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 349,034 shares of the company’s stock after buying an additional 227,147 shares during the quarter. Ancora Advisors LLC owned 6.11% of Coffee worth $1,725,000 as of its most recent filing with the Securities & Exchange Commission. 20.43% of the stock is owned by institutional investors and hedge funds.

About Coffee

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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 coffee shop operators.

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