TheStreet downgraded shares of Coffee (NASDAQ:JVA) from a b- rating to a c+ rating in a research report report published on Tuesday.
Separately, ValuEngine upgraded Coffee from a hold rating to a buy rating in a research note on Thursday, September 6th.
JVA stock opened at $3.73 on Tuesday. The company has a market cap of $21.16 million, a P/E ratio of 22.15 and a beta of 1.19. Coffee has a fifty-two week low of $3.65 and a fifty-two week high of $5.75.
Coffee (NASDAQ:JVA) last posted its earnings results on Friday, September 14th. The company reported $0.00 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.07). The business had revenue of $23.44 million for the quarter. Coffee had a return on equity of 3.91% and a net margin of 1.13%.
A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC raised its position in Coffee Holding Co., Inc. (NASDAQ:JVA) by 19.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 237,454 shares of the company’s stock after buying an additional 38,554 shares during the quarter. Renaissance Technologies LLC owned approximately 4.17% of Coffee worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Canada, Australia, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.
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