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

Investment analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 3.1 %

Rocky Mountain Chocolate Factory stock opened at $1.98 on Monday. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $5.15. The firm has a market capitalization of $12.56 million, a PE ratio of -2.91 and a beta of 1.04. The firm’s 50 day simple moving average is $1.83 and its 200 day simple moving average is $2.64.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Leverty Financial Group LLC increased its stake in Rocky Mountain Chocolate Factory by 52.0% in the second quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock valued at $67,000 after acquiring an additional 10,440 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Rocky Mountain Chocolate Factory during the 2nd quarter valued at about $43,000. Finally, Salvus Wealth Management LLC raised its holdings in shares of Rocky Mountain Chocolate Factory by 33.5% during the 1st quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock valued at $56,000 after buying an additional 3,865 shares in the last quarter. 50.27% of the stock is currently 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.