StockNews.com started coverage on shares of Coffee (NASDAQ:JVA – Free Report) in a report issued on Saturday morning. The firm issued a hold rating on the stock.
Coffee Trading Up 1.5 %
Shares of JVA stock opened at $2.07 on Friday. The firm has a fifty day moving average price of $2.24 and a 200 day moving average price of $1.75. Coffee has a 12 month low of $0.67 and a 12 month high of $3.25.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Coffee stock. Renaissance Technologies LLC lifted its position in shares of Coffee Holding Co., Inc. (NASDAQ:JVA – Free Report) by 2.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 324,564 shares of the company’s stock after buying an additional 8,900 shares during the period. Renaissance Technologies LLC owned 5.68% of Coffee worth $759,000 as of its most recent SEC filing.
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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