Coffee (NASDAQ:JVA) Cut to Hold at StockNews.com

StockNews.com cut shares of Coffee (NASDAQ:JVA) from a buy rating to a hold rating in a research note published on Thursday.

Coffee Stock Down 2.7 %

JVA opened at $3.66 on Thursday. The business has a 50 day moving average price of $3.71 and a two-hundred day moving average price of $3.01. Coffee has a 52 week low of $1.01 and a 52 week high of $4.66.

Hedge Funds Weigh In On Coffee

A number of large investors have recently made changes to their positions in JVA. Integrated Wealth Concepts LLC purchased a new position in Coffee in the third quarter valued at about $32,000. XTX Topco Ltd purchased a new position in Coffee in the 3rd quarter valued at approximately $34,000. Finally, Renaissance Technologies LLC raised its holdings in Coffee by 2.8% during the second quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after purchasing an additional 8,900 shares during the last quarter.

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.