Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.57 and traded as high as $1.6920. Rocky Mountain Chocolate Factory shares last traded at $1.67, with a volume of 18,254 shares.

Analysts Set New Price Targets

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

Rocky Mountain Chocolate Factory Trading Up 3.7%

The business has a 50 day simple moving average of $1.65 and a two-hundred day simple moving average of $1.57. The company has a market cap of $13.03 million, a PE ratio of -2.74 and a beta of 0.71. The company has a current ratio of 1.53, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its quarterly earnings data on Tuesday, October 14th. 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 net margin of 15.77% and a negative return on equity of 63.75%.

Insider Buying and Selling

In other Rocky Mountain Chocolate Factory news, major shareholder Global Value Investment Corp. bought 61,670 shares of the company’s stock in a transaction dated Friday, October 17th. The shares were acquired at an average cost of $1.59 per share, with a total value of $98,055.30. Following the completion of the transaction, the insider owned 1,923,396 shares in the company, valued at $3,058,199.64. The trade was a 3.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey Richart Geygan purchased 61,670 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The stock was acquired at an average price of $1.59 per share, for a total transaction of $98,055.30. Following the purchase, the chief executive officer owned 1,744,568 shares of the company’s stock, valued at approximately $2,773,863.12. This represents a 3.66% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 228,830 shares of company stock valued at $373,456. 42.20% of the stock is owned by company insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Wealthedge Investment Advisors LLC grew its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 208.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,582 shares of the company’s stock after acquiring an additional 82,173 shares during the period. Wealthedge Investment Advisors LLC owned about 1.58% of Rocky Mountain Chocolate Factory worth $148,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.