StockNews.com Initiates Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued to investors on Wednesday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 2.0 %

NASDAQ RMCF opened at $1.23 on Wednesday. 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 has a one year low of $1.22 and a one year high of $3.92. The company’s 50 day moving average price is $1.65 and its 200 day moving average price is $2.17.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released 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%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wealthedge Investment Advisors LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at about $95,000. 4WEALTH Advisors Inc. acquired a new position in Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $225,000. Finally, CacheTech Inc. acquired a new position in Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $43,000. 50.27% of the stock is owned by hedge funds and other institutional investors.

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.