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

Investment analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF traded up $0.02 on Wednesday, reaching $1.85. The company had a trading volume of 2,349 shares, compared to its average volume of 18,410. The firm has a market capitalization of $11.73 million, a PE ratio of -2.69 and a beta of 1.03. The firm has a 50-day moving average of $2.11 and a 200-day moving average of $3.12. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $5.47.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Monday, July 15th. The company reported ($0.26) EPS for the quarter. The business had revenue of $6.41 million for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.93% and a negative return on equity of 44.70%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Several institutional investors and hedge funds have recently made changes to their positions in RMCF. Salvus Wealth Management LLC raised its position 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 purchasing an additional 3,865 shares during the period. Leverty Financial Group LLC boosted its stake in 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 valued at $73,000 after purchasing an additional 8,300 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of Rocky Mountain Chocolate Factory by 360.0% in the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock valued at $66,000 after purchasing an additional 11,160 shares during the period. 50.27% of the stock is owned by institutional investors and hedge funds.

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.