Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCFGet Free Report) in a research note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF opened at $1.26 on Wednesday. The business’s 50-day moving average is $1.67 and its 200 day moving average is $2.17. Rocky Mountain Chocolate Factory has a 12 month low of $1.22 and a 12 month high of $3.92. The company has a current ratio of 2.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61.

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Institutional investors and hedge funds have recently made changes to their positions in the business. CacheTech Inc. bought a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at about $43,000. Wealthedge Investment Advisors LLC bought a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth approximately $95,000. Finally, 4WEALTH Advisors Inc. purchased a new stake in Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $225,000. 50.27% of the stock is owned by hedge funds and other institutional investors.

About Rocky Mountain Chocolate Factory

(Get Free Report)

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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