StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Free Report) in a research note published on Friday morning. The firm issued a hold rating on the stock.
Rocky Mountain Chocolate Factory Trading Up 14.8 %
NASDAQ:RMCF opened at $3.18 on Friday. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $5.15. The firm has a fifty day simple moving average of $2.00 and a 200-day simple moving average of $2.42.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported ($0.11) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%. The company had revenue of $6.38 million for the quarter.
Insider Activity at Rocky Mountain Chocolate Factory
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Sanctuary Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,750 shares of the company’s stock, valued at approximately $43,000. Sanctuary Advisors LLC owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent filing with the Securities & Exchange Commission. 50.27% of the stock is currently owned by hedge funds and other 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.
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