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 note published on Tuesday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF opened at $2.05 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $4.74. The business’s fifty day moving average price is $2.57 and its two-hundred day moving average price is $2.24.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data 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%.

Insider Transactions at Rocky Mountain Chocolate Factory

In other news, major shareholder Global Value Investment Corp. bought 42,063 shares of the business’s stock in a transaction on Tuesday, October 29th. The stock was purchased at an average cost of $2.89 per share, for a total transaction of $121,562.07. Following the completion of the transaction, the insider now directly owns 1,880,737 shares of the company’s stock, valued at approximately $5,435,329.93. This trade represents a 2.29 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.80% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC increased its position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,371 shares of the company’s stock after acquiring an additional 9,850 shares during the period. Leverty Financial Group LLC owned approximately 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent quarter. 50.27% of the stock is currently owned by institutional investors.

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.