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

StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report report published on Tuesday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF opened at $1.19 on Tuesday. The firm has a 50-day moving average price of $1.28 and a 200 day moving average price of $1.95. 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 52-week low of $1.12 and a 52-week high of $3.51.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealthedge Investment Advisors LLC grew its position in Rocky Mountain Chocolate Factory by 208.5% in the 1st quarter. Wealthedge Investment Advisors LLC now owns 121,582 shares of the company’s stock valued at $148,000 after buying an additional 82,173 shares in the last quarter. 4WEALTH Advisors Inc. bought a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at about $225,000. Allworth Financial LP bought a new position in shares of Rocky Mountain Chocolate Factory during the 1st quarter valued at about $32,000. Finally, CacheTech Inc. bought a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at about $43,000. Institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

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.