Stock analysts at StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a "hold" rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ:RMCF opened at $6.85 on Thursday. The firm has a 50-day moving average price of $6.93 and a two-hundred day moving average price of $7.07. Rocky Mountain Chocolate Factory has a 52 week low of $5.48 and a 52 week high of $10.36. The firm has a market cap of $42.59 million, a price-to-earnings ratio of -40.29 and a beta of 0.99.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) last released its quarterly earnings data on Wednesday, July 13th. The company reported ($0.02) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 3.18% and a positive return on equity of 3.66%. The business had revenue of $7.83 million during the quarter.

Insiders Place Their Bets

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Ridgewood Investments LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,480 shares of the company's stock, valued at approximately $215,000. Ridgewood Investments LLC owned 0.46% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. Hedge funds and other institutional investors own 36.76% of the company's stock.

Rocky Mountain Chocolate Factory Company Profile

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Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. 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.

Further Reading

• Get a free copy of the StockNews.com research report on Rocky Mountain Chocolate Factory (RMCF)
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