StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Free Report) in a research note published on Tuesday morning. The firm issued a hold rating on the stock.
Rocky Mountain Chocolate Factory Stock Performance
NASDAQ RMCF opened at $3.55 on Tuesday. The stock has a 50 day moving average price of $3.84 and a 200-day moving average price of $4.16. Rocky Mountain Chocolate Factory has a one year low of $3.45 and a one year high of $5.99. The company has a market capitalization of $22.44 million, a P/E ratio of -5.22 and a beta of 1.06.
Insider Activity
In related news, major shareholder Global Value Investment Corp. purchased 74,841 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average price of $4.09 per share, for a total transaction of $306,099.69. Following the completion of the transaction, the insider now owns 1,020,004 shares in the company, valued at approximately $4,171,816.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, major shareholder Global Value Investment Corp. purchased 74,841 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average price of $4.09 per share, for a total transaction of $306,099.69. Following the acquisition, the insider now owns 1,020,004 shares of the company’s stock, valued at approximately $4,171,816.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Richart Geygan purchased 21,763 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $4.10 per share, with a total value of $89,228.30. Following the completion of the transaction, the director now owns 1,049,109 shares of the company’s stock, valued at $4,301,346.90. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 113,959 shares of company stock worth $466,521. 14.87% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Rocky Mountain Chocolate Factory
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.
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