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

Analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF opened at $1.89 on Friday. The company has a 50 day moving average of $2.29 and a two-hundred day moving average of $2.23. 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 twelve month low of $1.50 and a twelve month high of $4.53.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted 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 Trading of Rocky Mountain Chocolate Factory

A number of institutional investors have recently bought and sold shares of the stock. CacheTech Inc. acquired a new position in Rocky Mountain Chocolate Factory during the 4th quarter valued at approximately $43,000. Sanctuary Advisors LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory during the second quarter valued at $43,000. Finally, Leverty Financial Group LLC increased its position in shares of Rocky Mountain Chocolate Factory by 32.3% in the 3rd quarter. Leverty Financial Group LLC now owns 40,371 shares of the company’s stock valued at $81,000 after acquiring an additional 9,850 shares during the period. 50.27% of the stock is currently 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.