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

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

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF opened at $1.79 on Wednesday. The stock has a fifty day moving average price of $2.48 and a 200 day moving average price of $2.24. The company has a current ratio of 2.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61. Rocky Mountain Chocolate Factory has a 12-month low of $1.50 and a 12-month high of $4.53.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.25% and a negative return on equity of 48.18%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned about 0.31% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. Institutional investors own 50.27% of the company’s stock.

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.