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

StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ:RMCF opened at $1.61 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61. The firm’s 50 day simple moving average is $2.10 and its 200-day simple moving average is $2.23. Rocky Mountain Chocolate Factory has a one year low of $1.46 and a one year high of $4.19.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data on Tuesday, January 14th. The company reported ($0.11) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 48.18% and a negative net margin of 17.25%.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. 4WEALTH Advisors Inc. purchased a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 93,275 shares of the company’s stock, valued at approximately $225,000. 4WEALTH Advisors Inc. owned 1.21% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission. 50.27% of the stock is owned by 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.