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

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report released on Saturday morning. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 7.7 %

NASDAQ:RMCF opened at $1.55 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.50 and a fifty-two week high of $4.24. The firm’s 50 day moving average is $2.16 and its two-hundred day moving average is $2.23.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its earnings results 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 Investors Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. CacheTech Inc. purchased a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 17,740 shares of the company’s stock, valued at approximately $43,000. CacheTech Inc. owned approximately 0.23% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 50.27% of the stock is owned by institutional investors and hedge funds.

About Rocky Mountain Chocolate Factory

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.