News stories about Coffee (NASDAQ:JVA) have trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Coffee earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave press coverage about the company an impact score of 43.2404202157084 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Separately, Maxim Group reiterated a “buy” rating and set a $7.00 price objective on shares of Coffee in a report on Wednesday.
Coffee (NASDAQ:JVA) traded up $0.12 during trading hours on Friday, hitting $4.20. The stock had a trading volume of 18,900 shares, compared to its average volume of 18,810. Coffee has a fifty-two week low of $3.76 and a fifty-two week high of $5.09. The company has a market cap of $23.91, a PE ratio of 40.80 and a beta of 1.51.
Coffee announced that its Board of Directors has initiated a share buyback plan on Wednesday, September 13th that permits the company to repurchase $2.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.
Coffee Company Profile
Coffee Holding Co, Inc is a wholesale coffee roaster and dealer in the United States. The Company is engaged in manufacturing, roasting, packaging, marketing and distributing roasted and blended coffees for private labeled accounts and its own brands, and it sells green coffee. The Company’s products can be divided into three categories: Wholesale Green Coffee, Private Label Coffee and Branded Coffee.
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