Coffee (NASDAQ:JVA) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Coffee (NASDAQ:JVA) in a research report report published on Monday morning. The firm issued a hold rating on the stock.

Coffee Price Performance

Shares of Coffee stock opened at $3.49 on Monday. Coffee has a 1-year low of $0.67 and a 1-year high of $3.88. The business has a 50-day moving average of $2.44 and a 200-day moving average of $1.89. The company has a market capitalization of $19.93 million, a PE ratio of 49.86 and a beta of 1.30.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC increased its position in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) by 2.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 324,564 shares of the company’s stock after purchasing an additional 8,900 shares during the quarter. Renaissance Technologies LLC owned 5.68% of Coffee worth $759,000 at the end of the most recent reporting period.

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.