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

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) announced its quarterly earnings results on Tuesday. The company reported ($0.11) earnings per share for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%.

Rocky Mountain Chocolate Factory Price Performance

Rocky Mountain Chocolate Factory stock traded down $0.06 during midday trading on Tuesday, hitting $2.63. 41,811 shares of the company’s stock were exchanged, compared to its average volume of 18,375. The stock has a 50-day moving average price of $2.66 and a two-hundred day moving average price of $2.24. Rocky Mountain Chocolate Factory has a 52-week low of $1.50 and a 52-week high of $4.74.

Insider Activity

In other news, major shareholder Global Value Investment Corp. purchased 330,743 shares of the company’s stock in a transaction on Wednesday, October 23rd. The stock was purchased at an average price of $2.70 per share, with a total value of $893,006.10. Following the completion of the purchase, the insider now directly owns 1,643,412 shares in the company, valued at approximately $4,437,212.40. This trade represents a 25.20 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey Richart Geygan acquired 11,935 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was purchased at an average price of $2.60 per share, with a total value of $31,031.00. Following the completion of the acquisition, the chief executive officer now directly owns 168,719 shares in the company, valued at approximately $438,669.40. This represents a 7.61 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 424,094 shares of company stock worth $1,137,016. 20.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory in a research report on Monday. They issued a “hold” rating for the company.

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.