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

Investment analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued on Monday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Trading Down 1.3 %

NASDAQ:RMCF opened at $1.45 on Monday. 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 1 year low of $1.44 and a 1 year high of $3.95. The stock’s 50 day simple moving average is $1.99 and its two-hundred day simple moving average is $2.21.

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

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. CacheTech Inc. bought a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 17,740 shares of the company’s stock, valued at approximately $43,000. CacheTech Inc. owned 0.23% of Rocky Mountain Chocolate Factory as of its most recent filing with the SEC. 50.27% of the stock is owned by institutional investors.

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.