StockNews.com Initiates Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

Research analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued to investors on Thursday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF opened at $2.22 on Thursday. The business’s 50-day moving average price is $3.04 and its two-hundred day moving average price is $3.75. Rocky Mountain Chocolate Factory has a one year low of $2.20 and a one year high of $5.99. The company has a market capitalization of $14.05 million, a P/E ratio of -3.26 and a beta of 1.01.

Institutional Trading of Rocky Mountain Chocolate Factory

Several large investors have recently made changes to their positions in the stock. Salvus Wealth Management LLC boosted its stake in shares of Rocky Mountain Chocolate Factory by 33.5% during the 1st quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after acquiring an additional 3,865 shares in the last quarter. Leverty Financial Group LLC boosted its stake in shares of Rocky Mountain Chocolate Factory by 70.5% during the 1st quarter. Leverty Financial Group LLC now owns 20,081 shares of the company’s stock worth $73,000 after acquiring an additional 8,300 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of Rocky Mountain Chocolate Factory by 360.0% during the 4th quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after acquiring an additional 11,160 shares in the last quarter. Institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.