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

Investment analysts at StockNews.com started coverage on shares of Coffee (NASDAQ:JVA – Get Rating) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Coffee Stock Performance

Shares of NASDAQ JVA opened at $1.61 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 5.75 and a quick ratio of 2.52. Coffee has a 1 year low of $1.50 and a 1 year high of $3.20. The firm has a 50-day simple moving average of $1.76 and a two-hundred day simple moving average of $2.01.

Institutional Trading of Coffee

Several institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new stake in shares of Coffee during the first quarter valued at approximately $27,000. Millennium Management LLC bought a new position in Coffee in the fourth quarter worth approximately $43,000. Ancora Advisors LLC raised its stake in Coffee by 9.4% in the first quarter. Ancora Advisors LLC now owns 183,907 shares of the company’s stock worth $344,000 after buying an additional 15,829 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Coffee by 2.1% in the second quarter. Renaissance Technologies LLC now owns 389,664 shares of the company’s stock worth $951,000 after buying an additional 8,120 shares in the last quarter. Institutional investors own 20.43% of the company’s stock.

About Coffee

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Coffee Holding Co, Inc is wholesale coffee roaster and dealer in the U.S. Its products are divided into three categories: Wholesale Green Coffee, Private Label Coffee and Branded Coffee. The Wholesale Green Coffee consists of unroasted raw beans imported from around the world and sold to large and small roasters and coffee shop operators.