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

Analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report released on Thursday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF opened at $1.89 on Thursday. The business has a fifty day moving average price of $2.02 and a two-hundred day moving average price of $3.04. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $5.34. The stock has a market capitalization of $11.95 million, a PE ratio of -2.77 and a beta of 1.03.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Monday, July 15th. The company reported ($0.26) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.70% and a negative net margin of 17.93%. The business had revenue of $6.41 million for the quarter.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Several institutional investors and hedge funds have recently added to or reduced their stakes in RMCF. International Assets Investment Management LLC lifted its stake in Rocky Mountain Chocolate Factory by 360.0% during the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after purchasing an additional 11,160 shares during the last quarter. Salvus Wealth Management LLC lifted its stake in shares of 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 valued at $56,000 after acquiring an additional 3,865 shares during the last quarter. Finally, Leverty Financial Group LLC lifted its stake in shares of Rocky Mountain Chocolate Factory by 70.5% in the 1st quarter. Leverty Financial Group LLC now owns 20,081 shares of the company’s stock valued at $73,000 after acquiring an additional 8,300 shares during the last quarter. 50.27% of the stock is currently owned by institutional investors.

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.