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

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF opened at $1.22 on Thursday. 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 company has a 50-day simple moving average of $1.61 and a 200-day simple moving average of $2.16. Rocky Mountain Chocolate Factory has a 52 week low of $1.20 and a 52 week high of $3.92.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) 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 net margin of 17.25% and a negative return on equity of 48.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RMCF. CacheTech Inc. acquired a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at $43,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at about $95,000. Finally, 4WEALTH Advisors Inc. bought a new stake in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $225,000. 50.27% of the stock is owned by institutional investors.

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.