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

Equities researchers at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of NASDAQ:RMCF opened at $1.92 on Tuesday. The business’s fifty day moving average price is $2.58 and its two-hundred day moving average price is $2.24. The company has a current ratio of 2.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61. Rocky Mountain Chocolate Factory has a one year low of $1.50 and a one year high of $4.74.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.25% and a negative return on equity of 48.18%.

Insider Activity

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. acquired 42,063 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average cost of $2.89 per share, for a total transaction of $121,562.07. Following the acquisition, the insider now directly owns 1,880,737 shares of the company’s stock, valued at $5,435,329.93. This trade represents a 2.29 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 20.80% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC bought a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission (SEC). 50.27% of the stock is owned by institutional investors.

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.