NEW YORK ( TheStreet) -- Shares of Coffee Holding Company (Nasdaq: JVA) were gapping up Friday morning with an open price 14.6% higher than Thursday's closing price. The stock closed at $7.85 Thursday and opened today's trading at $9. The average volume for Coffee Holding has been 450,200 shares per day over the past 30 days. Coffee Holding has a market cap of $51 million and is part of the consumer goods sector and food & beverage industry. Shares are up 0.1% year to date as of the close of trading on Thursday. Coffee Holding Co., Inc. engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States and Canada. The company offers products in three categories: wholesale green coffee, private label coffee, and branded coffee. The company has a P/E ratio of 56.2, above the average food & beverage industry P/E ratio of 16.9 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Coffee Holding as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Coffee Holding Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.