Stock analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a note issued to investors on Tuesday. The brokerage set a "hold" rating on the stock.
Rocky Mountain Chocolate Factory Stock Performance
Shares of Rocky Mountain Chocolate Factory stock opened at $6.80 on Tuesday. The firm's 50 day simple moving average is $6.90 and its two-hundred day simple moving average is $7.16. The firm has a market capitalization of $42.28 million, a price-to-earnings ratio of -40.00 and a beta of 0.99. Rocky Mountain Chocolate Factory has a 12-month low of $5.48 and a 12-month high of $10.36.
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Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) last announced its quarterly earnings results on Wednesday, July 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $7.83 million for the quarter. Rocky Mountain Chocolate Factory had a positive return on equity of 3.66% and a negative net margin of 3.18%.
Insider Activity
In other Rocky Mountain Chocolate Factory news, insider Andrew Berger bought 10,137 shares of Rocky Mountain Chocolate Factory stock in a transaction dated Tuesday, June 14th. The stock was acquired at an average cost of $6.47 per share, for a total transaction of $65,586.39. Following the completion of the transaction, the insider now directly owns 10,137 shares of the company's stock, valued at $65,586.39. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 18.60% of the company's stock.
Institutional Investors Weigh In On Rocky Mountain Chocolate Factory
A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Ridgewood Investments LLC purchased a new stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Rating) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,480 shares of the company's stock, valued at approximately $215,000. Ridgewood Investments LLC owned about 0.46% of Rocky Mountain Chocolate Factory at the end of the most recent reporting period. Hedge funds and other institutional investors own 36.76% of the company's stock.
About Rocky Mountain Chocolate Factory
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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.
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