StockNews.com Begins Coverage on Coffee (NASDAQ:JVA)

StockNews.com assumed coverage on shares of Coffee (NASDAQ:JVA) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the stock.

Coffee Trading Down 5.5 %

Coffee stock opened at $1.71 on Tuesday. Coffee has a 12 month low of $0.67 and a 12 month high of $1.85. The stock’s 50 day moving average is $1.40 and its 200-day moving average is $1.06. The company has a market capitalization of $9.76 million, a price-to-earnings ratio of 171.00 and a beta of 1.24.

Coffee (NASDAQ:JVA) last posted its earnings results on Monday, March 18th. The company reported $0.06 EPS for the quarter. Coffee had a return on equity of 0.20% and a net margin of 0.07%. The company had revenue of $19.54 million for the quarter.

Institutional Investors Weigh In On Coffee

A number of large investors have recently added to or reduced their stakes in JVA. Susquehanna International Group LLP acquired a new stake in Coffee during the first quarter worth approximately $27,000. Citadel Advisors LLC grew its position in Coffee by 50.2% during the second quarter. Citadel Advisors LLC now owns 23,045 shares of the company’s stock worth $32,000 after buying an additional 7,699 shares in the last quarter. Millennium Management LLC acquired a new stake in Coffee during the fourth quarter worth approximately $43,000. Ancora Advisors LLC grew its position in Coffee by 9.4% during the first quarter. Ancora Advisors LLC now owns 183,907 shares of the company’s stock worth $344,000 after buying an additional 15,829 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Coffee by 2.1% during the second quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock worth $951,000 after buying an additional 8,120 shares in the last quarter.

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.