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

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

Rocky Mountain Chocolate Factory Stock Down 0.5 %

Shares of RMCF opened at $1.89 on Friday. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $4.53. The business’s 50 day simple moving average is $2.29 and its 200-day simple moving average is $2.23. 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 issued its quarterly earnings data 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%.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Hedge funds have recently bought and sold shares of the business. CacheTech Inc. bought a new position in Rocky Mountain Chocolate Factory in the 4th quarter valued at $43,000. Sanctuary Advisors LLC bought a new position in Rocky Mountain Chocolate Factory in the 2nd quarter valued at $43,000. Finally, Leverty Financial Group LLC grew its position in Rocky Mountain Chocolate Factory by 32.3% in the 3rd quarter. Leverty Financial Group LLC now owns 40,371 shares of the company’s stock valued at $81,000 after acquiring an additional 9,850 shares during the last quarter. Institutional investors own 50.27% of the company’s stock.

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.