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

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

Rocky Mountain Chocolate Factory Price Performance

RMCF stock opened at $2.15 on Wednesday. Rocky Mountain Chocolate Factory has a one year low of $1.50 and a one year high of $5.15. The stock has a market cap of $13.64 million, a price-to-earnings ratio of -3.16 and a beta of 1.05. The company has a fifty day moving average price of $1.87 and a two-hundred day moving average price of $2.50.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its earnings results on Monday, July 15th. The company reported ($0.26) EPS for the quarter. The company had revenue of $6.41 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.70% and a negative net margin of 17.93%.

Institutional Trading of Rocky Mountain Chocolate Factory

Hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in Rocky Mountain Chocolate Factory during the 2nd quarter worth $43,000. Salvus Wealth Management LLC boosted its holdings in Rocky Mountain Chocolate Factory by 33.5% in the 1st 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 during the period. Finally, Leverty Financial Group LLC grew its position in shares of Rocky Mountain Chocolate Factory by 52.0% during the 2nd quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock worth $67,000 after purchasing an additional 10,440 shares in the last quarter. 50.27% of the stock is owned by institutional investors and hedge funds.

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.