StockNews.com initiated coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a research report report published on Tuesday. The firm issued a hold rating on the stock.
Rocky Mountain Chocolate Factory Stock Performance
Rocky Mountain Chocolate Factory stock opened at $6.91 on Tuesday. Rocky Mountain Chocolate Factory has a fifty-two week low of $5.48 and a fifty-two week high of $10.36. The firm's 50-day simple moving average is $6.90 and its 200 day simple moving average is $7.15. The stock has a market cap of $42.96 million, a PE ratio of -40.65 and a beta of 0.99.
Get Rocky Mountain Chocolate Factory alerts:Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) last posted its earnings results on Wednesday, July 13th. The company reported ($0.02) 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 Buying and Selling at Rocky Mountain Chocolate Factory
In other Rocky Mountain Chocolate Factory news, insider Andrew Berger bought 5,000 shares of the stock in a transaction dated Thursday, June 16th. The shares were bought at an average cost of $6.84 per share, for a total transaction of $34,200.00. Following the purchase, the insider now directly owns 17,658 shares of the company's stock, valued at approximately $120,780.72. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 18.60% of the company's stock.Institutional Inflows and Outflows
A hedge fund recently bought a new stake 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) in the 1st quarter, according to its most recent Form 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 at the end of the most recent quarter. 36.76% of the stock is currently owned by hedge funds and other institutional investors.
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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