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

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF stock opened at $2.20 on Thursday. Rocky Mountain Chocolate Factory has a twelve month low of $2.20 and a twelve month high of $5.99. The stock’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $3.73. The company has a market capitalization of $13.93 million, a price-to-earnings ratio of -3.24 and a beta of 1.01.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Hedge funds have recently bought and sold shares of the company. Leverty Financial Group LLC acquired a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth about $54,000. Salvus Wealth Management LLC acquired a new position in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth approximately $53,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Rocky Mountain Chocolate Factory by 360.0% during the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after buying an additional 11,160 shares during the last quarter. 50.27% of the stock is currently owned by 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.