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

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

Rocky Mountain Chocolate Factory Stock Down 1.3 %

Shares of 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. The business has a fifty day simple moving average of $1.99 and a two-hundred day simple moving average of $2.21. Rocky Mountain Chocolate Factory has a twelve month low of $1.44 and a twelve month high of $3.95.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued its earnings results on Tuesday, January 14th. The company reported ($0.11) earnings per share 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

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. 4WEALTH Advisors Inc. purchased a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 93,275 shares of the company’s stock, valued at approximately $225,000. 4WEALTH Advisors Inc. owned approximately 1.21% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 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.