Equities research analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a note issued to investors on Friday. The brokerage set a "hold" rating on the stock.
Rocky Mountain Chocolate Factory Trading Up 0.3 %
RMCF stock opened at $6.54 on Friday. The firm has a market capitalization of $40.65 million, a PE ratio of -38.46 and a beta of 0.99. Rocky Mountain Chocolate Factory has a 1-year low of $5.48 and a 1-year high of $10.36. The business's 50 day simple moving average is $6.84 and its 200 day simple moving average is $7.00.
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Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) last posted its earnings results on Wednesday, July 13th. The company reported ($0.02) earnings per share for the quarter. The business 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 Buying and Selling
In other news, insider Andrew Berger acquired 5,000 shares of the firm's stock in a transaction on Thursday, June 16th. The shares were purchased at an average cost of $6.84 per share, with a total value of $34,200.00. Following the acquisition, the insider now directly owns 17,658 shares in the company, valued at approximately $120,780.72. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 18.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Ridgewood Investments LLC bought 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 and Exchange Commission. The institutional investor bought 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 filing with the Securities and Exchange Commission. 44.47% of the stock is owned by institutional investors and hedge funds.
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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