Coffee (NASDAQ:JVA) Downgraded by StockNews.com to “Hold”

Coffee (NASDAQ:JVAGet Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Coffee Trading Down 0.3 %

NASDAQ JVA traded down $0.01 during trading on Thursday, reaching $3.76. 32,947 shares of the company’s stock traded hands, compared to its average volume of 77,475. The company’s 50 day simple moving average is $3.69 and its two-hundred day simple moving average is $2.99. Coffee has a 12-month low of $1.00 and a 12-month high of $4.66.

Institutional Trading of Coffee

A number of hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in shares of Coffee by 2.8% in the 2nd quarter. Renaissance Technologies LLC now owns 324,564 shares of the company’s stock valued at $759,000 after acquiring an additional 8,900 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Coffee during the third quarter valued at about $32,000. Finally, XTX Topco Ltd bought a new stake in Coffee during the third quarter valued at about $34,000.

Coffee Company Profile

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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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