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

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

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF stock opened at $1.19 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.17 and a fifty-two week high of $3.78. The stock’s 50-day simple moving average is $1.58 and its 200-day simple moving average is $2.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Free Report) last issued 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%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Wealthedge Investment Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at approximately $95,000. 4WEALTH Advisors Inc. acquired a new stake in Rocky Mountain Chocolate Factory during the fourth quarter valued at $225,000. Finally, CacheTech Inc. purchased a new position in Rocky Mountain Chocolate Factory in the fourth quarter valued at $43,000. 50.27% of the stock is owned by institutional investors and hedge funds.

Rocky Mountain Chocolate Factory Company Profile

(Get Free Report)

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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