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

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF stock opened at $1.23 on Wednesday. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.22 and a fifty-two week high of $3.92. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60. The stock’s fifty day moving average is $1.70 and its two-hundred day moving average is $2.18.

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

Several hedge funds and other institutional investors have recently made changes to their positions in RMCF. CacheTech Inc. acquired a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth $43,000. Wealthedge Investment Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth $95,000. Finally, 4WEALTH Advisors Inc. acquired a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at about $225,000. Institutional investors and hedge funds own 50.27% of the company’s stock.

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.