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

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

Rocky Mountain Chocolate Factory Price Performance

Shares of NASDAQ RMCF opened at $1.89 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $4.53. The business has a fifty day moving average price of $2.29 and a 200 day moving average price of $2.23.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its quarterly earnings data on Tuesday, January 14th. The company reported ($0.11) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 48.18% and a negative net margin of 17.25%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CacheTech Inc. purchased a new stake in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $43,000. Sanctuary Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory in the second quarter valued at about $43,000. Finally, Leverty Financial Group LLC raised its stake in Rocky Mountain Chocolate Factory by 32.3% in the third quarter. Leverty Financial Group LLC now owns 40,371 shares of the company’s stock valued at $81,000 after buying an additional 9,850 shares during the last quarter. 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.