Coffee (NASDAQ:JVA) Posts Quarterly Earnings Results

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

Coffee Stock Up 9.6%

Coffee stock opened at $3.98 on Friday. Coffee has a 52 week low of $1.30 and a 52 week high of $9.93. The business has a 50-day simple moving average of $3.54 and a 200 day simple moving average of $4.19. The stock has a market cap of $22.72 million, a price-to-earnings ratio of 10.21 and a beta of 1.33.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut 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 bought a new position in shares of Coffee Holding Co., Inc. (NASDAQ:JVA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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 SEC filing.

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.