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

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note published on Thursday. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ RMCF opened at $1.85 on Thursday. Rocky Mountain Chocolate Factory has a one year low of $1.50 and a one year high of $4.53. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61. The stock’s 50-day moving average is $2.41 and its 200-day moving average is $2.23.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings data on Tuesday, January 14th. The company reported ($0.11) 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 Trading of Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.