Coffee (NASDAQ:JVA) Releases Quarterly Earnings Results

Coffee (NASDAQ:JVA) issued its quarterly earnings data on Friday. The company reported $0.11 earnings per share for the quarter, Zacks reports. Coffee had a net margin of 2.82% and a return on equity of 8.97%.

Coffee Trading Up 9.3%

Shares of NASDAQ JVA opened at $3.97 on Friday. The firm’s 50-day moving average is $3.52 and its 200-day moving average is $4.18. The firm has a market capitalization of $22.64 million, a PE ratio of 10.42 and a beta of 1.33. Coffee has a 1 year low of $1.30 and a 1 year high of $9.93.

Institutional Trading of Coffee

A hedge fund recently bought a new stake in Coffee stock. Acadian Asset Management LLC bought a new stake in Coffee Holding Co., Inc. (NASDAQ:JVA) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,769 shares of the company’s stock, valued at approximately $73,000. Acadian Asset Management LLC owned about 0.36% of Coffee as of its most recent filing with the SEC.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Coffee from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th.

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.