Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Tuesday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Down 2.9 %

NASDAQ RMCF opened at $1.35 on Tuesday. The company has a current ratio of 2.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61. Rocky Mountain Chocolate Factory has a 1-year low of $1.35 and a 1-year high of $3.95. The company has a 50 day moving average of $1.85 and a 200-day moving average of $2.20.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released 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 net margin of 17.25% and a negative return on equity of 48.18%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A number of 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 valued at approximately $43,000. 4WEALTH Advisors Inc. acquired a new position in Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $225,000. Finally, Wealthedge Investment Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $95,000. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.