Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Coffee Holding Co. (JVA) Share Price
Media stories about Coffee Holding Co. (NASDAQ:JVA) have been trending somewhat positive on Monday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Coffee Holding Co. earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.2856398236341 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Coffee Holding Co. (NASDAQ JVA) traded up $0.03 during midday trading on Monday, reaching $4.11. The company’s stock had a trading volume of 14,100 shares, compared to its average volume of 19,176. The firm has a market capitalization of $24.08, a P/E ratio of 41.10 and a beta of 1.52. Coffee Holding Co. has a 1 year low of $3.76 and a 1 year high of $5.68.
Coffee Holding Co. (NASDAQ:JVA) last posted its earnings results on Wednesday, September 13th. The company reported $0.01 EPS for the quarter. Coffee Holding Co. had a return on equity of 2.34% and a net margin of 0.82%. The company had revenue of $17.98 million for the quarter.
Coffee Holding Co. declared that its board has approved a stock repurchase plan on Wednesday, September 13th that permits the company to repurchase $2.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
About Coffee Holding Co.
Coffee Holding Co, Inc is a wholesale coffee roaster and dealer in the United States. The Company is engaged in manufacturing, roasting, packaging, marketing and distributing roasted and blended coffees for private labeled accounts and its own brands, and it sells green coffee. The Company’s products can be divided into three categories: Wholesale Green Coffee, Private Label Coffee and Branded Coffee.
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