Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Announces Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) issued its quarterly earnings data on Monday. The company reported ($0.14) earnings per share (EPS) for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative net margin of 19.84% and a negative return on equity of 100.52%.

Rocky Mountain Chocolate Factory Stock Up 2.3%

RMCF stock traded up $0.02 during midday trading on Monday, hitting $0.93. 45,486 shares of the company’s stock were exchanged, compared to its average volume of 1,123,559. The stock has a market capitalization of $8.81 million, a price-to-earnings ratio of -1.53 and a beta of 0.76. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 1.59. The firm has a 50 day moving average price of $1.00 and a 200-day moving average price of $1.44. Rocky Mountain Chocolate Factory has a 12-month low of $0.66 and a 12-month high of $2.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Rocky Mountain Chocolate Factory from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, August 26th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc is a confectionery company that manufactures and sells a variety of premium chocolate and other sweet products. Its offerings include chocolate-covered treats, caramel apples, fudge, truffles, clusters, brittles and other seasonal or specialty confections.

The company sells its products through a network of franchised and company-affiliated retail stores, as well as through wholesale and online channels. Its stores typically combine on-site candy production with retail sales, allowing customers to purchase freshly prepared products and packaged gifts.

Founded in 1981 and headquartered in Durango, Colorado, Rocky Mountain Chocolate Factory has expanded its brand beyond its original Colorado operations through franchising and distribution.