Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Issues Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) announced its quarterly earnings results on Tuesday. The company reported ($0.11) earnings per share (EPS) for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative net margin of 17.05% and a negative return on equity of 44.56%.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF opened at $2.10 on Thursday. The business has a 50-day moving average of $2.65 and a 200-day moving average of $2.25. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $4.74.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory in a research note on Monday. They issued a “hold” rating on the stock.

Insider Activity at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan acquired 11,935 shares of the stock in a transaction dated Thursday, October 24th. The stock was purchased at an average cost of $2.60 per share, with a total value of $31,031.00. Following the transaction, the chief executive officer now owns 168,719 shares in the company, valued at approximately $438,669.40. The trade was a 7.61 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Global Value Investment Corp. bought 23,700 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average price of $2.14 per share, for a total transaction of $50,718.00. Following the transaction, the insider now owns 1,251,483 shares in the company, valued at $2,678,173.62. This represents a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 424,094 shares of company stock worth $1,137,016 over the last ninety days. Insiders own 20.80% 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.