Coffee Holding Co., Inc. (NASDAQ:JVA – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.14 and traded as high as $3.27. Coffee shares last traded at $3.23, with a volume of 34,065 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on Coffee in a research report on Friday. They set a “hold” rating on the stock.
Coffee Price Performance
Coffee (NASDAQ:JVA – Get Free Report) last issued its quarterly earnings results on Friday, September 13th. The company reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $18.81 million for the quarter. Coffee had a return on equity of 4.66% and a net margin of 1.48%.
Institutional Investors Weigh In On Coffee
An institutional investor recently raised its position in Coffee stock. Renaissance Technologies LLC boosted its position in Coffee Holding Co., Inc. (NASDAQ:JVA – Free Report) by 2.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 324,564 shares of the company’s stock after buying an additional 8,900 shares during the period. Renaissance Technologies LLC owned approximately 5.68% of Coffee worth $759,000 as of its most recent filing with the Securities & Exchange Commission.
Coffee Company Profile
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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