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

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

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF opened at $1.99 on Friday. Rocky Mountain Chocolate Factory has a twelve month low of $1.75 and a twelve month high of $5.99. The firm has a 50-day moving average of $2.47 and a two-hundred day moving average of $3.42.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Leverty Financial Group LLC boosted its holdings in shares of Rocky Mountain Chocolate Factory by 52.0% in the second quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock worth $67,000 after buying an additional 10,440 shares during the period. Salvus Wealth Management LLC lifted its holdings in shares of Rocky Mountain Chocolate Factory by 33.5% in the first quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock valued at $56,000 after purchasing an additional 3,865 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Rocky Mountain Chocolate Factory by 360.0% in the 4th quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after acquiring an additional 11,160 shares in the last quarter. Institutional investors and hedge funds own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

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.