Coffee Holding Co. (JVA) to Buyback $2.00 million in Outstanding Shares

Coffee Holding Co. (NASDAQ:JVA) declared that its board has authorized a share buyback plan, which authorizes the company to repurchase $2.00 million in shares on Wednesday, September 13th, EventVestor reports. This repurchase authorization authorizes the company to purchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Coffee Holding Co. (NASDAQ:JVA) opened at 4.34 on Friday. The firm has a 50-day moving average price of $4.02 and a 200-day moving average price of $4.49. Coffee Holding Co. has a 1-year low of $3.76 and a 1-year high of $5.80. The company has a market capitalization of $25.43 million, a P/E ratio of 19.91 and a beta of 1.58.

Coffee Holding Co. (NASDAQ:JVA) last posted its quarterly earnings results on Wednesday, September 13th. The company reported $0.01 earnings per share for the quarter. Coffee Holding Co. had a return on equity of 5.18% and a net margin of 1.83%. The business had revenue of $17.98 million for the quarter. On average, analysts forecast that Coffee Holding Co. will post $0.37 EPS for the current fiscal year.

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About Coffee Holding Co.

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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