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

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report released on Thursday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Down 0.0 %

Shares of NASDAQ:RMCF opened at $1.19 on Thursday. The business’s 50 day moving average price is $1.58 and its 200-day moving average price is $2.15. Rocky Mountain Chocolate Factory has a 1 year low of $1.17 and a 1 year high of $3.78. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share (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 Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthedge Investment Advisors LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at approximately $95,000. 4WEALTH Advisors Inc. purchased a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at $225,000. Finally, CacheTech Inc. purchased a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at $43,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.