Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock Crosses Above 200 Day Moving Average – Here’s Why

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.42 and traded as high as $1.48. Rocky Mountain Chocolate Factory shares last traded at $1.46, with a volume of 19,893 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of Rocky Mountain Chocolate Factory in a research note on Wednesday, May 21st. They set a “hold” rating for the company.

Rocky Mountain Chocolate Factory Price Performance

The company’s 50 day moving average price is $1.61 and its 200-day moving average price is $1.42. The stock has a market cap of $11.34 million, a P/E ratio of -2.32 and a beta of 1.14. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.89.

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

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Allworth Financial LP acquired a new position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,500 shares of the company’s stock, valued at approximately $32,000. Allworth Financial LP owned 0.31% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. Hedge funds and other institutional investors own 50.27% of the company’s stock.

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.