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

Investment analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Down 0.6 %

NASDAQ:RMCF opened at $1.59 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28. The business has a fifty day simple moving average of $2.10 and a two-hundred day simple moving average of $2.22. Rocky Mountain Chocolate Factory has a 1 year low of $1.46 and a 1 year high of $4.19.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its 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%.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. CacheTech Inc. purchased a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,740 shares of the company’s stock, valued at approximately $43,000. CacheTech Inc. owned approximately 0.23% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.