Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF opened at $1.26 on Tuesday. Rocky Mountain Chocolate Factory has a one year low of $1.25 and a one year high of $3.95. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28. The stock has a 50-day moving average price of $1.82 and a 200 day moving average price of $2.19.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued 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%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealthedge Investment Advisors LLC purchased a new position in Rocky Mountain Chocolate Factory in the fourth quarter valued at about $95,000. 4WEALTH Advisors Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $225,000. Finally, CacheTech Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $43,000. 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.