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

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Friday. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

RMCF opened at $1.85 on Friday. The company has a fifty day moving average of $1.94 and a two-hundred day moving average of $2.94. The stock has a market capitalization of $11.73 million, a price-to-earnings ratio of -2.72 and a beta of 1.03. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Monday, July 15th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $6.41 million during the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.93% and a negative return on equity of 44.70%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC raised its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 33.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,395 shares of the company’s stock after purchasing an additional 3,865 shares during the period. Salvus Wealth Management LLC owned 0.24% of Rocky Mountain Chocolate Factory worth $56,000 at the end of the most recent quarter. 50.27% of the stock is owned by institutional investors.

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.