Stock analysts at StockNews.com assumed coverage on shares of Coffee (NASDAQ:JVA – Get Rating) in a report released on Sunday. The brokerage set a “hold” rating on the stock.
Coffee Stock Down 5.8 %
Coffee stock opened at $1.47 on Friday. The company has a 50-day simple moving average of $1.63 and a 200-day simple moving average of $1.92. Coffee has a one year low of $1.45 and a one year high of $3.20. The firm has a market capitalization of $8.39 million, a P/E ratio of 23.71 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.61 and a current ratio of 9.33.
Institutional Investors Weigh In On Coffee
Hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its stake in shares of Coffee by 2.1% in the 2nd quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock valued at $951,000 after buying an additional 8,120 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Coffee during the first quarter worth about $27,000. Ancora Advisors LLC grew its position in Coffee by 9.4% during the 1st quarter. Ancora Advisors LLC now owns 183,907 shares of the company’s stock worth $344,000 after acquiring an additional 15,829 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in shares of Coffee during the fourth quarter worth $43,000.
Coffee Company Profile
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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