Coffee (JVA) Upgraded at TheStreet
Separately, ValuEngine upgraded shares of Coffee from a hold rating to a buy rating in a research report on Thursday, September 6th.
Shares of NASDAQ:JVA traded up $0.14 during midday trading on Wednesday, hitting $3.89. The company’s stock had a trading volume of 10,320 shares, compared to its average volume of 6,499. Coffee has a 12-month low of $3.65 and a 12-month high of $5.75. The company has a market cap of $21.08 million, a P/E ratio of 22.06 and a beta of 1.19.
An institutional investor recently raised its position in Coffee stock. Dimensional Fund Advisors LP lifted its holdings in Coffee Holding Co., Inc. (NASDAQ:JVA) by 25.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,152 shares of the company’s stock after purchasing an additional 12,998 shares during the period. Dimensional Fund Advisors LP owned approximately 1.14% of Coffee worth $284,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.80% of the company’s stock.
Coffee Company Profile
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Canada, Australia, 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 to coffee shop operators.
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