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

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCFFree Report) in a research note released on Tuesday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Down 0.8 %

NASDAQ RMCF opened at $1.25 on Tuesday. 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 twelve month low of $1.25 and a twelve month high of $3.95. The stock has a fifty day simple moving average of $1.79 and a 200-day simple moving average of $2.19.

Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Free Report) last released 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 return on equity of 48.18% and a negative net margin of 17.25%.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds have recently modified their holdings of RMCF. CacheTech Inc. acquired a new position in Rocky Mountain Chocolate Factory during the 4th quarter worth about $43,000. Wealthedge Investment Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory during the 4th quarter worth about $95,000. Finally, 4WEALTH Advisors Inc. acquired a new position in Rocky Mountain Chocolate Factory during the 4th quarter worth about $225,000. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

About Rocky Mountain Chocolate Factory

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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.

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