Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.44 and traded as high as $1.51. Rocky Mountain Chocolate Factory shares last traded at $1.50, with a volume of 15,148 shares traded.

Analysts Set New Price Targets

Separately, Wall Street Zen initiated coverage on Rocky Mountain Chocolate Factory in a research report on Wednesday, May 21st. They set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Up 1.3%

The business has a 50 day moving average of $1.60 and a 200-day moving average of $1.44. The stock has a market cap of $11.66 million, a PE ratio of -2.38 and a beta of 1.11. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.89.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, July 15th. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $6.37 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 56.22% and a negative net margin of 16.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RMCF. Allworth Financial LP purchased a new position in shares of Rocky Mountain Chocolate Factory in the 1st quarter valued at approximately $32,000. Wealthedge Investment Advisors LLC purchased a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at approximately $95,000. Finally, 4WEALTH Advisors Inc. purchased a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at approximately $225,000. Hedge funds and other institutional investors own 50.27% 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.