Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Issues Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) announced its quarterly earnings data on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%.

Rocky Mountain Chocolate Factory Trading Down 2.2 %

Shares of RMCF stock traded down $0.06 during mid-day trading on Tuesday, reaching $2.63. The company’s stock had a trading volume of 42,567 shares, compared to its average volume of 18,573. Rocky Mountain Chocolate Factory has a 1-year low of $1.50 and a 1-year high of $4.74. The firm’s 50-day moving average is $2.66 and its two-hundred day moving average is $2.24.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Rocky Mountain Chocolate Factory in a research report on Monday. They set a “hold” rating on the stock.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan acquired 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction on Thursday, October 24th. The shares were bought at an average price of $2.60 per share, with a total value of $31,031.00. Following the completion of the purchase, the chief executive officer now owns 168,719 shares in the company, valued at $438,669.40. This trade represents a 7.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Global Value Investment Corp. bought 330,743 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was acquired at an average price of $2.70 per share, with a total value of $893,006.10. Following the completion of the purchase, the insider now owns 1,643,412 shares of the company’s stock, valued at $4,437,212.40. This represents a 25.20 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 424,094 shares of company stock valued at $1,137,016. 20.80% of the stock is currently owned by corporate insiders.

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.