Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by StockNews.com

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

Rocky Mountain Chocolate Factory Trading Up 2.6 %

Shares of NASDAQ:RMCF opened at $1.56 on Monday. 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 $1.46 and a twelve month high of $3.97. The firm has a 50 day simple moving average of $2.01 and a 200-day simple moving average of $2.22.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its earnings results on Tuesday, January 14th. The company reported ($0.11) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.25% and a negative return on equity of 48.18%.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. CacheTech Inc. bought a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,740 shares of the company’s stock, valued at approximately $43,000. CacheTech Inc. owned 0.23% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. 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.