Coffee (NASDAQ:JVA) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Coffee (NASDAQ:JVA) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Coffee Trading Up 8.4 %

JVA stock opened at $5.42 on Monday. The stock has a 50-day moving average price of $3.90 and a two-hundred day moving average price of $3.18. Coffee has a 1 year low of $1.02 and a 1 year high of $5.58. The stock has a market cap of $30.94 million, a PE ratio of 13.90 and a beta of 1.42.

Hedge Funds Weigh In On Coffee

Large investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of Coffee during the 3rd quarter worth about $34,000. Integrated Wealth Concepts LLC acquired a new position in shares of Coffee during the 3rd quarter worth about $32,000. Renaissance Technologies LLC boosted its stake in shares of Coffee by 2.8% during the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock worth $759,000 after buying an additional 8,900 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Coffee during the 4th quarter worth about $69,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in Coffee in the 4th quarter valued at about $120,000.

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.