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

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) announced its quarterly earnings data on Tuesday. The company reported ($0.02) EPS for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative net margin of 15.77% and a negative return on equity of 63.75%.

Rocky Mountain Chocolate Factory Stock Up 5.3%

Shares of NASDAQ RMCF traded up $0.11 during midday trading on Tuesday, reaching $2.11. The company’s stock had a trading volume of 98,859 shares, compared to its average volume of 51,770. The stock has a market capitalization of $16.42 million, a price-to-earnings ratio of -3.45 and a beta of 0.71. Rocky Mountain Chocolate Factory has a fifty-two week low of $1.12 and a fifty-two week high of $2.71. The stock has a 50 day simple moving average of $1.70 and a 200-day simple moving average of $1.66. The company has a current ratio of 1.53, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27.

Insider Buying and Selling

In related news, CEO Jeffrey Richart Geygan acquired 61,670 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were bought at an average cost of $1.59 per share, with a total value of $98,055.30. Following the completion of the transaction, the chief executive officer directly owned 1,744,568 shares of the company’s stock, valued at $2,773,863.12. This trade represents a 3.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Global Value Investment Corp. bought 61,670 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were bought at an average price of $1.59 per share, with a total value of $98,055.30. Following the purchase, the insider owned 1,923,396 shares in the company, valued at $3,058,199.64. The trade was a 3.31% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 228,830 shares of company stock valued at $373,456. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Rocky Mountain Chocolate Factory has an average rating of “Sell”.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.