Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by StockNews.com

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note published on Saturday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF opened at $2.18 on Friday. Rocky Mountain Chocolate Factory has a one year low of $1.75 and a one year high of $5.99. The company has a 50-day simple moving average of $2.65 and a two-hundred day simple moving average of $3.54. The firm has a market capitalization of $13.79 million, a PE ratio of -3.20 and a beta of 1.03.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of large investors have recently added to or reduced their stakes in the stock. Salvus Wealth Management LLC lifted its stake 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 valued at $56,000 after buying an additional 3,865 shares in the last quarter. Leverty Financial Group LLC increased its holdings in shares of Rocky Mountain Chocolate Factory by 70.5% in the 1st quarter. Leverty Financial Group LLC now owns 20,081 shares of the company’s stock worth $73,000 after buying an additional 8,300 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Rocky Mountain Chocolate Factory by 360.0% in the 4th quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after buying an additional 11,160 shares during the last quarter. Institutional investors own 50.27% of the company’s stock.

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.