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 research report report published on Thursday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 2.5 %

NASDAQ RMCF opened at $1.19 on Thursday. The company’s 50 day moving average is $1.59 and its 200-day moving average is $2.15. Rocky Mountain Chocolate Factory has a 12-month low of $1.19 and a 12-month high of $3.92. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its 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

A number of hedge funds have recently added to or reduced their stakes in the stock. CacheTech Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth about $43,000. 4WEALTH Advisors Inc. bought a new stake in Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $225,000. Finally, Wealthedge Investment Advisors LLC bought a new stake in Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $95,000. Hedge funds and other 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.