Coffee (NASDAQ:JVA) Announces Earnings Results

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

Coffee Price Performance

NASDAQ:JVA opened at $3.98 on Friday. The business has a fifty day simple moving average of $3.54 and a two-hundred day simple moving average of $4.19. Coffee has a 1 year low of $1.30 and a 1 year high of $9.93. The company has a market capitalization of $22.72 million, a P/E ratio of 10.21 and a beta of 1.33.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Coffee from a “buy” rating to a “hold” rating in a research report on Saturday.

Hedge Funds Weigh In On Coffee

A hedge fund recently bought a new stake in Coffee stock. Acadian Asset Management LLC purchased a new stake in Coffee Holding Co., Inc. (NASDAQ:JVA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,769 shares of the company’s stock, valued at approximately $73,000. Acadian Asset Management LLC owned approximately 0.36% of Coffee as of its most recent filing with the Securities & Exchange Commission.

About Coffee

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.