Begins Coverage on Coffee (NASDAQ:JVA)

Investment analysts at initiated coverage on shares of Coffee (NASDAQ:JVAGet Free Report) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.

Coffee Trading Up 1.2 %

Shares of NASDAQ:JVA opened at $1.69 on Wednesday. The business’s 50 day simple moving average is $1.42 and its two-hundred day simple moving average is $1.08. Coffee has a 52-week low of $0.67 and a 52-week high of $1.85.

Coffee (NASDAQ:JVAGet Free Report) last posted its earnings results on Monday, March 18th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $19.54 million for the quarter. Coffee had a return on equity of 0.20% and a net margin of 0.07%.

About Coffee

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Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.

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