Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

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

Rocky Mountain Chocolate Factory Trading Down 3.2 %

NASDAQ:RMCF opened at $1.83 on Thursday. The company has a market capitalization of $11.57 million, a P/E ratio of -2.68 and a beta of 1.03. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $5.28. The firm has a fifty day simple moving average of $2.00 and a 200-day simple moving average of $3.03.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RMCF. Salvus Wealth Management LLC raised its position in Rocky Mountain Chocolate Factory by 33.5% during the first quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after acquiring an additional 3,865 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Rocky Mountain Chocolate Factory by 360.0% during the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock valued at $66,000 after acquiring an additional 11,160 shares during the last quarter. Finally, Leverty Financial Group LLC increased its position in shares of Rocky Mountain Chocolate Factory by 52.0% during the second quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock worth $67,000 after purchasing an additional 10,440 shares in the last quarter. Hedge funds and other 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.