Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Earns Hold Rating from Analysts at StockNews.com

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

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF opened at $1.90 on Wednesday. Rocky Mountain Chocolate Factory has a twelve month low of $1.50 and a twelve month high of $4.53. The stock has a fifty day simple moving average of $2.52 and a 200 day simple moving average of $2.24. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, January 14th. The company reported ($0.11) EPS 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 Trading of Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC lifted its holdings in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,371 shares of the company’s stock after purchasing an additional 9,850 shares during the period. Leverty Financial Group LLC owned 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent reporting period. 50.27% of the stock is owned by hedge funds and other 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.