Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.41 and traded as high as $1.53. Rocky Mountain Chocolate Factory shares last traded at $1.48, with a volume of 6,396 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on Rocky Mountain Chocolate Factory in a research report on Wednesday, May 21st. They set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

The business has a 50-day moving average of $1.61 and a two-hundred day moving average of $1.41. The company has a market cap of $11.49 million, a P/E ratio of -2.35 and a beta of 1.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.36 and a quick ratio of 0.61.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings data on Tuesday, July 15th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $6.37 million for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 16.21% and a negative return on equity of 56.22%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Wealthedge Investment Advisors LLC grew its holdings in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 208.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 121,582 shares of the company’s stock after acquiring an additional 82,173 shares during the quarter. Wealthedge Investment Advisors LLC owned 1.58% of Rocky Mountain Chocolate Factory worth $148,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

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.