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

Equities research analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Trading Up 3.1 %

RMCF opened at $2.01 on Tuesday. The company has a market cap of $12.74 million, a price-to-earnings ratio of -2.91 and a beta of 1.04. The company’s 50 day moving average is $1.83 and its 200 day moving average is $2.58. Rocky Mountain Chocolate Factory has a 12-month low of $1.50 and a 12-month high of $5.15.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Monday, July 15th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $6.41 million during the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.70% and a negative net margin of 17.93%.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new position in Rocky Mountain Chocolate Factory during the second quarter valued at approximately $43,000. Salvus Wealth Management LLC lifted its holdings in shares of Rocky Mountain Chocolate Factory by 33.5% in the first quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after buying an additional 3,865 shares in the last quarter. Finally, Leverty Financial Group LLC lifted its holdings in shares of Rocky Mountain Chocolate Factory by 52.0% in the second quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock worth $67,000 after buying an additional 10,440 shares in the last quarter. Hedge funds and other institutional investors own 50.27% of the company’s stock.

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.