Research analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.
Rocky Mountain Chocolate Factory Price Performance
RMCF opened at $4.11 on Thursday. The firm has a fifty day moving average price of $4.49 and a 200 day moving average price of $5.09. Rocky Mountain Chocolate Factory has a 1 year low of $3.72 and a 1 year high of $6.71. The stock has a market cap of $25.89 million, a P/E ratio of -6.97 and a beta of 0.98.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) last posted its quarterly earnings data on Wednesday, October 11th. The company reported ($0.16) earnings per share for the quarter. The company had revenue of $6.56 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 17.60% and a negative net margin of 12.24%.
Insiders Place Their Bets
Institutional Investors Weigh In On Rocky Mountain Chocolate Factory
Several hedge funds and other institutional investors have recently made changes to their positions in RMCF. Citadel Advisors LLC acquired a new stake in Rocky Mountain Chocolate Factory during the third quarter worth $62,000. Renaissance Technologies LLC increased its position in shares of Rocky Mountain Chocolate Factory by 2.1% during the 1st quarter. Renaissance Technologies LLC now owns 363,263 shares of the company’s stock worth $1,925,000 after purchasing an additional 7,300 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Rocky Mountain Chocolate Factory by 20.2% during the 2nd quarter. BlackRock Inc. now owns 13,005 shares of the company’s stock worth $70,000 after purchasing an additional 2,182 shares during the last quarter. Institutional investors and hedge funds own 44.44% of the company’s stock.
Rocky Mountain Chocolate Factory Company Profile
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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