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

Stock analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Sunday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

RMCF stock opened at $1.59 on Friday. Rocky Mountain Chocolate Factory has a 12-month low of $1.46 and a 12-month high of $4.19. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61. The stock’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $2.22.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released 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

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. CacheTech Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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. Hedge funds and other institutional investors own 50.27% of the company’s stock.

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.