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

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ RMCF opened at $1.55 on Friday. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $4.24. The firm’s 50 day moving average price is $2.16 and its 200 day moving average price is $2.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60.

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. 4WEALTH Advisors Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 93,275 shares of the company’s stock, valued at approximately $225,000. 4WEALTH Advisors Inc. owned about 1.21% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.