Initiates Coverage on Coffee (NASDAQ:JVA)

Research analysts at assumed coverage on shares of Coffee (NASDAQ:JVAGet Rating) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Coffee Stock Performance

Coffee stock opened at $2.27 on Tuesday. The company has a current ratio of 5.51, a quick ratio of 1.97 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $2.15 and a 200-day moving average of $2.41. The firm has a market cap of $12.96 million, a P/E ratio of 32.43 and a beta of 1.11. Coffee has a 1-year low of $1.73 and a 1-year high of $4.70.

Institutional Trading of Coffee

An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC increased its stake in Coffee Holding Co., Inc. (NASDAQ:JVAGet Rating) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,664 shares of the company’s stock after buying an additional 8,120 shares during the period. Renaissance Technologies LLC owned 6.83% of Coffee worth $951,000 at the end of the most recent reporting period. 20.43% of the stock is currently owned by institutional investors and hedge funds.

About Coffee

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Coffee Holding Co, Inc is wholesale coffee roaster and dealer in the U.S. Its products are divided into three categories: Wholesale Green Coffee, Private Label Coffee and Branded Coffee. The Wholesale Green Coffee consists of unroasted raw beans imported from around the world and sold to large and small roasters and coffee shop operators.

Further Reading

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