Coffee (NASDAQ:JVA) Coverage Initiated at

Equities researchers at began coverage on shares of Coffee (NASDAQ:JVAGet Free Report) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

Coffee Trading Up 0.8 %

Shares of JVA stock opened at $1.30 on Tuesday. The company has a quick ratio of 3.61, a current ratio of 9.33 and a debt-to-equity ratio of 0.32. The stock’s 50-day moving average is $1.39 and its 200 day moving average is $1.63. Coffee has a 1-year low of $1.19 and a 1-year high of $2.78.

Coffee (NASDAQ:JVAGet Free Report) last posted its quarterly earnings data on Thursday, June 15th. The company reported ($0.06) EPS for the quarter. Coffee had a negative return on equity of 19.04% and a negative net margin of 6.88%. The company had revenue of $15.32 million for the quarter.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its holdings in Coffee by 2.1% during the 2nd quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock worth $951,000 after purchasing an additional 8,120 shares during the period. Ancora Advisors LLC increased its stake in shares of Coffee by 186.4% during the first quarter. Ancora Advisors LLC now owns 349,034 shares of the company’s stock worth $1,725,000 after buying an additional 227,147 shares during the period. Raymond James & Associates raised its holdings in Coffee by 78.9% in the second quarter. Raymond James & Associates now owns 39,000 shares of the company’s stock valued at $54,000 after acquiring an additional 17,200 shares in the last quarter. Citadel Advisors LLC raised its holdings in Coffee by 50.2% in the second quarter. Citadel Advisors LLC now owns 23,045 shares of the company’s stock valued at $32,000 after acquiring an additional 7,699 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in Coffee in the fourth quarter worth approximately $43,000.

About Coffee

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Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of varieties that are sold to large, medium, and small roasters, as well as coffee shop operators.

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