Coffee (NASDAQ:JVA – Get Free Report) released its earnings results on Friday. The company reported $0.20 earnings per share for the quarter, Zacks reports. The business had revenue of $21.31 million for the quarter. Coffee had a return on equity of 8.97% and a net margin of 2.82%.
Coffee Stock Performance
Shares of JVA stock opened at $4.02 on Friday. The firm has a fifty day moving average of $5.20 and a 200-day moving average of $3.99. Coffee has a 52-week low of $1.23 and a 52-week high of $9.93. The stock has a market cap of $22.95 million, a price-to-earnings ratio of 10.31 and a beta of 1.38.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Coffee from a “buy” rating to a “hold” rating in a report on Wednesday.
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.
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