Research analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) in a research note issued on Wednesday. The firm set a “hold” rating on the stock.
Rocky Mountain Chocolate Factory Stock Performance
Shares of RMCF opened at $5.03 on Wednesday. Rocky Mountain Chocolate Factory has a 52-week low of $4.77 and a 52-week high of $6.98. The business’s 50 day moving average price is $5.42 and its two-hundred day moving average price is $5.33. The firm has a market cap of $31.65 million, a PE ratio of -4.93 and a beta of 1.00.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) last issued its quarterly earnings results on Thursday, July 13th. The company reported ($0.24) earnings per share (EPS) for the quarter. Rocky Mountain Chocolate Factory had a negative net margin of 20.23% and a negative return on equity of 15.71%. The business had revenue of $6.44 million during the quarter.
Insider Transactions at Rocky Mountain Chocolate Factory
Institutional Investors Weigh In On Rocky Mountain Chocolate Factory
A number of institutional investors and hedge funds have recently bought and sold shares of RMCF. Citadel Advisors LLC purchased a new stake in Rocky Mountain Chocolate Factory in the 3rd quarter valued at $62,000. BlackRock Inc. grew its stake in Rocky Mountain Chocolate Factory by 20.2% in the 2nd quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock valued at $70,000 after purchasing an additional 2,182 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Rocky Mountain Chocolate Factory by 2.1% in the 1st quarter. Renaissance Technologies LLC now owns 363,263 shares of the company’s stock valued at $1,925,000 after purchasing an additional 7,300 shares during the period. 44.44% of the stock is owned by hedge funds and other institutional investors.
About Rocky Mountain Chocolate Factory
Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. 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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