Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 5.3 %

Shares of Rocky Mountain Chocolate Factory stock opened at $2.15 on Wednesday. The stock’s fifty day moving average price is $1.87 and its 200-day moving average price is $2.51. The firm has a market cap of $13.64 million, a P/E ratio of -3.16 and a beta of 1.05. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Monday, July 15th. The company reported ($0.26) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.93% and a negative return on equity of 44.70%. The business had revenue of $6.41 million for the quarter.

Institutional Trading of Rocky Mountain Chocolate Factory

Several hedge funds and other institutional investors have recently bought and sold shares of RMCF. Salvus Wealth Management LLC lifted its stake in shares of Rocky Mountain Chocolate Factory by 33.5% during the 1st quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after purchasing an additional 3,865 shares during the last quarter. Leverty Financial Group LLC lifted its position in shares of Rocky Mountain Chocolate Factory by 52.0% during the second quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock valued at $67,000 after buying an additional 10,440 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Rocky Mountain Chocolate Factory in the 2nd quarter valued at about $43,000. 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.