Equities researchers at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) in a report issued on Tuesday. The brokerage set a “hold” rating on the stock.
Rocky Mountain Chocolate Factory Stock Down 1.4 %
NASDAQ RMCF opened at $3.51 on Tuesday. Rocky Mountain Chocolate Factory has a 52 week low of $3.45 and a 52 week high of $5.99. The business’s fifty day simple moving average is $3.88 and its 200-day simple moving average is $4.18. The firm has a market cap of $22.18 million, a PE ratio of -5.16 and a beta of 1.06.
Insider Transactions at Rocky Mountain Chocolate Factory
In other Rocky Mountain Chocolate Factory news, Director Jeffrey Richart Geygan acquired 21,763 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $4.10 per share, with a total value of $89,228.30. Following the transaction, the director now owns 1,049,109 shares of the company’s stock, valued at $4,301,346.90. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Rocky Mountain Chocolate Factory news, Director Jeffrey Richart Geygan acquired 21,763 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The stock was purchased at an average cost of $4.10 per share, with a total value of $89,228.30. Following the transaction, the director now owns 1,049,109 shares of the company’s stock, valued at $4,301,346.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Global Value Investment Corp. acquired 74,841 shares of the business’s stock in a transaction that occurred on Wednesday, January 31st. The shares were acquired at an average cost of $4.09 per share, with a total value of $306,099.69. Following the completion of the transaction, the insider now directly owns 1,020,004 shares in the company, valued at approximately $4,171,816.36. The disclosure for this purchase can be found here. Insiders have purchased a total of 113,959 shares of company stock worth $466,521 in the last quarter. Company insiders own 14.87% of the company’s stock.
Hedge Funds Weigh In On Rocky Mountain Chocolate Factory
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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