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

Equities research analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF opened at $1.39 on Tuesday. The firm’s fifty day simple moving average is $1.88 and its 200 day simple moving average is $2.20. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60. Rocky Mountain Chocolate Factory has a twelve month low of $1.38 and a twelve month high of $3.95.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings data on Tuesday, January 14th. The company reported ($0.11) 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

A number of institutional investors and hedge funds have recently bought and sold shares of RMCF. CacheTech Inc. acquired a new position in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth $43,000. Wealthedge Investment Advisors LLC acquired a new stake in Rocky Mountain Chocolate Factory during the 4th quarter valued at $95,000. Finally, 4WEALTH Advisors Inc. purchased a new stake in Rocky Mountain Chocolate Factory during the 4th quarter worth $225,000. 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.