Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Announces Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) released its earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, Zacks reports. The firm had revenue of $7.54 million during the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 63.75% and a negative net margin of 15.77%.

Rocky Mountain Chocolate Factory Trading Up 7.0%

NASDAQ:RMCF traded up $0.14 on Tuesday, hitting $2.14. 100,813 shares of the stock were exchanged, compared to its average volume of 51,849. The company has a current ratio of 1.53, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.12 and a fifty-two week high of $2.71. The stock has a market cap of $16.69 million, a PE ratio of -3.51 and a beta of 0.71. The stock has a fifty day moving average of $1.70 and a 200-day moving average of $1.66.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In related news, major shareholder Global Value Investment Corp. acquired 61,670 shares of the business’s stock in a transaction on Friday, October 17th. The shares were bought at an average cost of $1.59 per share, with a total value of $98,055.30. Following the completion of the transaction, the insider directly owned 1,923,396 shares of the company’s stock, valued at $3,058,199.64. This trade represents a 3.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Richart Geygan acquired 61,670 shares of Rocky Mountain Chocolate Factory stock in a transaction on Friday, October 17th. The shares were bought at an average price of $1.59 per share, for a total transaction of $98,055.30. Following the purchase, the chief executive officer owned 1,744,568 shares of the company’s stock, valued at $2,773,863.12. This represents a 3.66% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 228,830 shares of company stock worth $373,456 in the last 90 days. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.