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

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

Rocky Mountain Chocolate Factory Price Performance

Shares of Rocky Mountain Chocolate Factory stock opened at $1.94 on Monday. The business has a fifty day simple moving average of $1.83 and a two-hundred day simple moving average of $2.64. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $5.15. The company has a market capitalization of $12.30 million, a price-to-earnings ratio of -2.85 and a beta of 1.04.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Monday, July 15th. The company reported ($0.26) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 44.70% and a negative net margin of 17.93%. The firm had revenue of $6.41 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RMCF. Salvus Wealth Management LLC increased its position in shares of Rocky Mountain Chocolate Factory by 33.5% in the first quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after purchasing an additional 3,865 shares during the period. Leverty Financial Group LLC increased its position in shares of Rocky Mountain Chocolate Factory by 52.0% in the second quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock worth $67,000 after purchasing an additional 10,440 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Rocky Mountain Chocolate Factory in the second quarter valued at about $43,000. Institutional investors own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

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.