Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.23 and traded as high as $2.44. Rocky Mountain Chocolate Factory shares last traded at $2.40, with a volume of 22,248 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory in a report on Saturday. They set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

The business’s 50 day moving average price is $2.67 and its 200 day moving average price is $2.23.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) earnings per share for the quarter. The firm had revenue of $6.38 million during the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%.

Insider Activity

In other news, CEO Jeffrey Richart Geygan acquired 11,935 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were purchased at an average price of $2.60 per share, for a total transaction of $31,031.00. Following the acquisition, the chief executive officer now owns 168,719 shares of the company’s stock, valued at $438,669.40. This represents a 7.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Global Value Investment Corp. purchased 23,700 shares of the business’s stock in a transaction on Friday, October 18th. The shares were acquired at an average price of $2.14 per share, for a total transaction of $50,718.00. Following the completion of the purchase, the insider now directly owns 1,251,483 shares of the company’s stock, valued at approximately $2,678,173.62. This trade represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 424,094 shares of company stock valued at $1,137,016. 20.80% of the stock is currently owned by company insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Leverty Financial Group LLC increased its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 32.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,371 shares of the company’s stock after acquiring an additional 9,850 shares during the quarter. Leverty Financial Group LLC owned about 0.64% of Rocky Mountain Chocolate Factory worth $81,000 at the end of the most recent quarter. 50.27% of the stock is owned by institutional investors.

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.