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

Stock analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

RMCF opened at $1.19 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28. Rocky Mountain Chocolate Factory has a 12 month low of $1.17 and a 12 month high of $3.82. The stock has a fifty day moving average price of $1.58 and a 200-day moving average price of $2.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly 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 return on equity of 48.18% and a negative net margin of 17.25%.

Institutional Trading of Rocky Mountain Chocolate Factory

Several large investors have recently added to or reduced their stakes in the company. CacheTech Inc. acquired a new stake in Rocky Mountain Chocolate Factory during the 4th quarter valued at approximately $43,000. Wealthedge Investment Advisors LLC acquired a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at about $95,000. Finally, 4WEALTH Advisors Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth about $225,000. Hedge funds and other 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.