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

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

Rocky Mountain Chocolate Factory Trading Down 6.1 %

Shares of NASDAQ RMCF opened at $1.23 on Wednesday. Rocky Mountain Chocolate Factory has a 52-week low of $1.22 and a 52-week high of $3.92. 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 business’s 50 day moving average is $1.70 and its two-hundred day moving average is $2.18.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings data on Tuesday, January 14th. The company reported ($0.11) 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%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of RMCF. 4WEALTH Advisors Inc. purchased a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth $225,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at approximately $95,000. Finally, CacheTech Inc. purchased a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds 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.