Coffee (NASDAQ:JVA) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Coffee (NASDAQ:JVA) in a research note issued to investors on Tuesday. The firm issued a hold rating on the stock.

Coffee Stock Performance

Shares of JVA opened at $3.01 on Tuesday. The firm has a market capitalization of $17.19 million, a P/E ratio of 43.00 and a beta of 1.32. Coffee has a 52 week low of $0.67 and a 52 week high of $3.88. The stock has a 50 day moving average price of $2.49 and a two-hundred day moving average price of $1.96.

Hedge Funds Weigh In On Coffee

A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC lifted its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 324,564 shares of the company’s stock after buying an additional 8,900 shares during the period. Renaissance Technologies LLC owned approximately 5.68% of Coffee worth $759,000 at the end of the most recent reporting period.

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.