StockNews.com Initiates Coverage on Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued to investors on Saturday. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF opened at $1.68 on Friday. The company has a quick ratio of 1.28, a current ratio of 2.60 and a debt-to-equity ratio of 0.61. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $4.40. The company has a 50 day simple moving average of $2.18 and a two-hundred day simple moving average of $2.23.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.25% and a negative return on equity of 48.18%.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. 4WEALTH Advisors Inc. acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 93,275 shares of the company’s stock, valued at approximately $225,000. 4WEALTH Advisors Inc. owned 1.21% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. 50.27% of the stock is owned by institutional investors and hedge funds.

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.