Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Earns Hold Rating from Analysts at StockNews.com

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

Rocky Mountain Chocolate Factory Stock Up 2.0 %

Shares of NASDAQ:RMCF opened at $1.32 on Friday. The business’s 50-day simple moving average is $1.41 and its 200 day simple moving average is $2.08. 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 has a one year low of $1.12 and a one year high of $3.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. 4WEALTH Advisors Inc. acquired a new position in Rocky Mountain Chocolate Factory in the 4th quarter worth $225,000. Wealthedge Investment Advisors LLC acquired a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth about $95,000. Finally, CacheTech Inc. acquired a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth about $43,000. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

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.