Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Receives New Coverage from Analysts at StockNews.com

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

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF opened at $2.25 on Thursday. The stock’s fifty day moving average price is $1.91 and its 200 day moving average price is $2.45. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $5.15. The company has a market cap of $14.27 million, a price-to-earnings ratio of -3.31 and a beta of 1.05.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Tuesday, October 15th. The company reported ($0.11) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 17.93% and a negative return on equity of 44.70%. The firm had revenue of $6.38 million during the quarter.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Several hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory in the second quarter valued at $43,000. Salvus Wealth Management LLC boosted its holdings in 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 valued at $56,000 after purchasing an additional 3,865 shares during the last quarter. Finally, Leverty Financial Group LLC boosted its holdings in 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 valued at $67,000 after purchasing an additional 10,440 shares during the last quarter. 50.27% of the stock is owned by institutional investors and hedge funds.

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.