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

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

Rocky Mountain Chocolate Factory Trading Up 1.4 %

RMCF opened at $2.12 on Thursday. The company has a 50 day moving average of $1.89 and a 200 day moving average of $2.47. The company has a market cap of $13.45 million, a PE ratio of -3.12 and a beta of 1.05. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. The business had revenue of $6.38 million during the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.70% and a negative net margin of 17.93%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RMCF. Sanctuary Advisors LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory during the 2nd quarter valued at $43,000. Salvus Wealth Management LLC raised its position in Rocky Mountain Chocolate Factory by 33.5% in the 1st quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after purchasing an additional 3,865 shares during the period. Finally, Leverty Financial Group LLC raised its position in Rocky Mountain Chocolate Factory by 52.0% in the 2nd quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock worth $67,000 after purchasing an additional 10,440 shares during the period. 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.