Boston, MA 03/19/2014 (wallstreetpr) – Coffee Holding Co., Inc. (NASDAQ:JVA) continues to be a bull in the market after hitting a 52 week high on Friday trading session that saw its stock trade at a high of $8.28. The surge in the market continued on Monday trading session with the company surging further to a high of $8.43 as of close of business.
Coffee holding surge in the market has mainly been attributed to its solid and impressive results for the three months period ending January 31, 2014. The company was able to report a better than expected net income of $1.37 million or $0.22 earnings per share compared to net revenues of $937,537 reported for the same period last year.
The better than expected financial results caused the company stock to surge by highs of 19.97% , the company’s return on equity ratio currently stands at -6.60% with a return on assets of -4.60%. its gross profit for the year surged to a high of $4.12 million up from $3.68 million the previous year with total operating expenses dropping by 1.3% to $1.87 million from $1.9 million’
Rating in the market
Coffee Holding Co., Inc. (NASDAQ:JVA) is currently rated as a hold in the market as the company continues to show strength in increased net income with a solid financial position as well as reasonable debt levels. Weaknesses on the other hand can be seen in disappointing return on equity as well as poor profit margins and weak operating cash flow.
The company’s net income for the recent quarter earnings has grown compared to that of the same quarter last year. The net income has grown by 89.1% compared to that of the same quarter the prior year. Its debt to equity ratio stands at 0.06 which is lower than the industry average suggesting effective debt management levels. Coffee Holding has a quick ratio of 1.73 demonstrating its ability to meet short term cash needs.
Coffee Holding Co., Inc. (NASDAQ:JVA) was still surging on Monday trading session going up by 7.66% to close the day at a high of $8.43
