Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

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

Rocky Mountain Chocolate Factory Trading Down 0.9 %

Shares of NASDAQ:RMCF opened at $1.14 on Friday. Rocky Mountain Chocolate Factory has a 12-month low of $1.12 and a 12-month high of $3.76. The company’s 50 day moving average price is $1.48 and its two-hundred day moving average price is $2.11. 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 issued its quarterly earnings results 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 and other institutional investors have recently bought and sold shares of the stock. CacheTech Inc. acquired a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth about $43,000. 4WEALTH Advisors Inc. bought a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $225,000. Finally, Wealthedge Investment Advisors LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $95,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

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.