StockNews.com Begins Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of Rocky Mountain Chocolate Factory stock opened at $1.68 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28. The firm has a 50-day moving average of $2.18 and a 200-day moving average of $2.24. Rocky Mountain Chocolate Factory has a 52-week low of $1.50 and a 52-week high of $4.40.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, January 14th. The company reported ($0.11) earnings per share (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. purchased a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,740 shares of the company’s stock, valued at approximately $43,000. CacheTech Inc. owned 0.23% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities and Exchange Commission (SEC). 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.