Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.95 and traded as high as $2.32. Rocky Mountain Chocolate Factory shares last traded at $2.26, with a volume of 8,933 shares changing hands.

Rocky Mountain Chocolate Factory Price Performance

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.66 and a quick ratio of 0.93. The stock has a market capitalization of $21.18 million, a price-to-earnings ratio of -4.37 and a beta of 0.68. The company has a 50-day simple moving average of $2.42 and a two-hundred day simple moving average of $1.95.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 13.62% and a negative return on equity of 62.48%. The firm had revenue of $7.54 million for the quarter.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Several large investors have recently made changes to their positions in RMCF. Salvus Wealth Management LLC raised its holdings in shares of Rocky Mountain Chocolate Factory by 53.1% during the third quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after buying an additional 8,172 shares during the last quarter. American Capital Advisory LLC bought a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $134,000. Finally, DRW Securities LLC acquired a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at approximately $235,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

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.