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

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

Rocky Mountain Chocolate Factory Trading Down 0.6 %

RMCF stock opened at $1.59 on Friday. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.46 and a fifty-two week high of $4.19. The business’s 50 day moving average price is $2.10 and its two-hundred day moving average price is $2.22. 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 (NASDAQ:RMCF) last posted its earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share 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 Inflows and Outflows

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. 4WEALTH Advisors Inc. purchased a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 93,275 shares of the company’s stock, valued at approximately $225,000. 4WEALTH Advisors Inc. owned about 1.21% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. 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.