Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Free Report) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF opened at $1.39 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $1.88 and its two-hundred day moving average is $2.20. Rocky Mountain Chocolate Factory has a 52-week low of $1.38 and a 52-week high of $3.95.

Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Free Report) last issued its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 48.18% and a negative net margin of 17.25%.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Large investors have recently modified their holdings of the stock. 4WEALTH Advisors Inc. bought a new stake in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $225,000. Wealthedge Investment Advisors LLC acquired a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $95,000. Finally, CacheTech Inc. bought a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at approximately $43,000. Institutional investors own 50.27% of the company’s stock.

About Rocky Mountain Chocolate Factory

(Get Free Report)

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.

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