Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF opened at $1.22 on Thursday. The company’s fifty day moving average is $1.61 and its 200-day moving average is $2.16. 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 12 month low of $1.20 and a 12 month high of $3.92.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results 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%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Large investors have recently added to or reduced their stakes in the stock. CacheTech Inc. acquired a new position in Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $43,000. 4WEALTH Advisors Inc. acquired a new position in Rocky Mountain Chocolate Factory in the 4th quarter valued at $225,000. Finally, Wealthedge Investment Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory in the 4th quarter valued at $95,000. 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.