Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Sunday morning. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 1.2 %

Shares of RMCF stock opened at $1.59 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average price of $2.08 and a two-hundred day moving average price of $2.23. Rocky Mountain Chocolate Factory has a one year low of $1.46 and a one year high of $4.16.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings results on Tuesday, January 14th. The company reported ($0.11) 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

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. 4WEALTH Advisors Inc. acquired a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period. 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.