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

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report published on Monday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 2.3 %

Shares of NASDAQ RMCF opened at $1.49 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60. Rocky Mountain Chocolate Factory has a 52 week low of $1.43 and a 52 week high of $3.95. The stock’s fifty day moving average is $1.97 and its 200 day moving average is $2.21.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data on Tuesday, January 14th. The company reported ($0.11) earnings per share 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 Trading of Rocky Mountain Chocolate Factory

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

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.