Stock analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.
Shares of NASDAQ RMCF opened at $7.44 on Wednesday. The stock has a market cap of $46.18 million, a price-to-earnings ratio of -124.00 and a beta of 1.13. The business has a 50 day simple moving average of $6.62 and a 200 day simple moving average of $7.46. Rocky Mountain Chocolate Factory has a 52 week low of $5.48 and a 52 week high of $10.36.
In related news, insider Andrew Berger bought 5,000 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Thursday, June 16th. The stock was purchased at an average cost of $6.84 per share, for a total transaction of $34,200.00. Following the acquisition, the insider now owns 17,658 shares in the company, valued at $120,780.72. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 18.60% of the stock is currently owned by insiders.
Rocky Mountain Chocolate Factory Company Profile (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Rocky Mountain Chocolate Factory (RMCF)
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