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

Stock analysts at StockNews.com began coverage on shares of Coffee (NASDAQ:JVA) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Coffee Stock Performance

Shares of NASDAQ JVA opened at $1.72 on Tuesday. The firm has a 50 day moving average of $1.37 and a 200 day moving average of $1.05. Coffee has a 12-month low of $0.67 and a 12-month high of $2.03.

Coffee (NASDAQ:JVA) last posted its quarterly earnings results on Monday, March 18th. The company reported $0.06 earnings per share for the quarter. The business had revenue of $19.54 million during the quarter. Coffee had a net margin of 0.07% and a return on equity of 0.20%.

Hedge Funds Weigh In On Coffee

Hedge funds have recently modified their holdings of the company. Ancora Advisors LLC boosted its position in shares of Coffee by 186.4% in the first quarter. Ancora Advisors LLC now owns 349,034 shares of the company’s stock worth $1,725,000 after purchasing an additional 227,147 shares during the period. Renaissance Technologies LLC boosted its position in shares of Coffee by 2.1% during the second quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock worth $951,000 after acquiring an additional 8,120 shares during the last quarter. Millennium Management LLC bought a new position in shares of Coffee during the fourth quarter worth $43,000. Citadel Advisors LLC boosted its position in shares of Coffee by 50.2% during the second quarter. Citadel Advisors LLC now owns 23,045 shares of the company’s stock worth $32,000 after acquiring an additional 7,699 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Coffee during the first quarter worth $27,000.

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.