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

Equities research analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report released on Saturday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF stock opened at $2.60 on Friday. Rocky Mountain Chocolate Factory has a 12-month low of $1.50 and a 12-month high of $5.15. The firm has a 50-day moving average price of $2.07 and a 200 day moving average price of $2.40.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its earnings results on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%. The business had revenue of $6.38 million for the quarter.

Insiders Place Their Bets

In related news, major shareholder Global Value Investment Corp. purchased 23,700 shares of the firm’s stock in a transaction dated Friday, October 18th. The shares were acquired at an average cost of $2.14 per share, with a total value of $50,718.00. Following the completion of the purchase, the insider now directly owns 1,251,483 shares of the company’s stock, valued at $2,678,173.62. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Global Value Investment Corp. acquired 23,700 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of $2.14 per share, for a total transaction of $50,718.00. Following the transaction, the insider now directly owns 1,251,483 shares of the company’s stock, valued at approximately $2,678,173.62. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was purchased at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the completion of the transaction, the chief executive officer now directly owns 168,719 shares in the company, valued at approximately $438,669.40. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 424,094 shares of company stock valued at $1,137,016. Insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC bought a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 50.27% of the stock is owned by hedge funds and other institutional investors.

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.