Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a report issued on Saturday. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF stock opened at $1.68 on Friday. The company’s fifty day moving average price is $2.18 and its 200-day moving average price is $2.23. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60. Rocky Mountain Chocolate Factory has a 12 month low of $1.50 and a 12 month high of $4.40.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its quarterly earnings data on Tuesday, January 14th. The company reported ($0.11) 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 Inflows and Outflows

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. CacheTech Inc. bought a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,740 shares of the company’s stock, valued at approximately $43,000. CacheTech Inc. owned about 0.23% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 50.27% of the stock is owned by hedge funds and other 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.