Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Rating) in a report published on Friday morning. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 0.3 %

RMCF opened at $6.54 on Friday. Rocky Mountain Chocolate Factory has a 1-year low of $5.48 and a 1-year high of $10.36. The company has a market cap of $40.65 million, a P/E ratio of -38.35 and a beta of 0.99. The company has a fifty day moving average price of $6.84 and a two-hundred day moving average price of $7.00.

Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Rating) last posted its quarterly earnings results on Wednesday, July 13th. The company reported ($0.02) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 3.18% and a positive return on equity of 3.66%. The company had revenue of $7.83 million during the quarter.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, insider Andrew Berger acquired 5,000 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Thursday, June 16th. The stock was purchased at an average cost of $6.84 per share, for a total transaction of $34,200.00. Following the completion of the acquisition, the insider now directly owns 17,658 shares of the company’s stock, valued at $120,780.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 18.60% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Ridgewood Investments LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCFGet Rating) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,480 shares of the company’s stock, valued at approximately $215,000. Ridgewood Investments LLC owned about 0.46% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. 44.47% of the stock is currently owned by institutional investors and hedge funds.

Rocky Mountain Chocolate Factory Company Profile

(Get Rating)

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. 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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