Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by StockNews.com

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note released on Wednesday. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF opened at $1.33 on Wednesday. Rocky Mountain Chocolate Factory has a 52 week low of $1.22 and a 52 week high of $3.92. The firm has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $2.17. The company has a current ratio of 2.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) 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%.

Institutional Trading of Rocky Mountain Chocolate Factory

A number of large investors have recently added to or reduced their stakes in RMCF. CacheTech Inc. purchased a new position in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $43,000. Wealthedge Investment Advisors LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $95,000. Finally, 4WEALTH Advisors Inc. bought a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $225,000. Hedge funds and other institutional investors own 50.27% of the company’s stock.

About Rocky Mountain Chocolate Factory

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.