Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.46 and traded as high as $1.70. Rocky Mountain Chocolate Factory shares last traded at $1.51, with a volume of 188,408 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Trading Down 9.3%

The firm has a market cap of $11.74 million, a P/E ratio of -2.47 and a beta of 1.10. The company has a 50 day moving average of $1.58 and a 200 day moving average of $1.46. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.61 and a current ratio of 1.53.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its earnings results on Monday, October 13th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $6.82 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 63.75% and a negative net margin of 15.77%.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Large investors have recently added to or reduced their stakes in the stock. Allworth Financial LP bought a new stake in Rocky Mountain Chocolate Factory during the first quarter worth approximately $32,000. Salvus Wealth Management LLC boosted its position in Rocky Mountain Chocolate Factory by 53.1% during the third quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after purchasing an additional 8,172 shares during the period. Finally, Wealthedge Investment Advisors LLC boosted its position in Rocky Mountain Chocolate Factory by 208.5% during the first quarter. Wealthedge Investment Advisors LLC now owns 121,582 shares of the company’s stock worth $148,000 after purchasing an additional 82,173 shares during the period. 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.