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

Stock analysts at StockNews.com began coverage on shares of Coffee (NASDAQ:JVAGet Rating) in a research report issued on Monday. The brokerage set a “hold” rating on the stock.

Coffee Stock Performance

Shares of JVA stock opened at $2.12 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.97 and a current ratio of 5.51. Coffee has a fifty-two week low of $2.00 and a fifty-two week high of $4.70. The stock has a 50 day moving average price of $2.39 and a two-hundred day moving average price of $2.60. The company has a market capitalization of $12.10 million, a P/E ratio of 30.29 and a beta of 1.08.

Coffee (NASDAQ:JVAGet Rating) last announced its quarterly earnings data on Wednesday, September 14th. The company reported $0.02 earnings per share for the quarter. Coffee had a return on equity of 1.36% and a net margin of 0.58%. The firm had revenue of $17.01 million during the quarter.

Hedge Funds Weigh In On Coffee

A hedge fund recently raised its stake in Coffee stock. Ancora Advisors LLC lifted its holdings in shares of Coffee Holding Co., Inc. (NASDAQ:JVAGet Rating) by 186.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 349,034 shares of the company’s stock after acquiring an additional 227,147 shares during the quarter. Ancora Advisors LLC owned approximately 6.11% of Coffee worth $1,725,000 as of its most recent filing with the Securities & Exchange Commission. 20.43% of the stock is currently owned by institutional investors and hedge funds.

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 approximately 90 varieties that are sold to large, medium, and small roasters, as well as coffee shop operators.

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