StockNews.com Begins Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

Stock analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report released on Friday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF opened at $2.02 on Friday. Rocky Mountain Chocolate Factory has a one year low of $2.02 and a one year high of $5.99. The company has a market cap of $12.81 million, a PE ratio of -2.97 and a beta of 1.03. The firm’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $3.67.

Institutional Trading of Rocky Mountain Chocolate Factory

A number of institutional investors and hedge funds have recently bought and sold shares of RMCF. Leverty Financial Group LLC grew its position in shares of Rocky Mountain Chocolate Factory by 70.5% in the 1st quarter. Leverty Financial Group LLC now owns 20,081 shares of the company’s stock valued at $73,000 after buying an additional 8,300 shares during the last quarter. Salvus Wealth Management LLC boosted its holdings in Rocky Mountain Chocolate Factory by 33.5% in the first quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock valued at $56,000 after acquiring an additional 3,865 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Rocky Mountain Chocolate Factory by 360.0% in the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock valued at $66,000 after acquiring an additional 11,160 shares during the last quarter. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.