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)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.61 and traded as high as $1.9850. Rocky Mountain Chocolate Factory shares last traded at $1.94, with a volume of 60,994 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rocky Mountain Chocolate Factory has an average rating of “Sell”.

Rocky Mountain Chocolate Factory Stock Up 12.1%

The company has a quick ratio of 0.91, a current ratio of 1.53 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $15.13 million, a P/E ratio of -3.18 and a beta of 0.71. The firm has a 50-day moving average price of $1.66 and a two-hundred day moving average price of $1.61.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its earnings results 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 return on equity of 63.75% and a negative net margin of 15.77%.

Insider Activity

In related news, CEO Jeffrey Richart Geygan acquired 61,670 shares of the business’s stock in a transaction dated Friday, October 17th. The stock was acquired at an average price of $1.59 per share, with a total value of $98,055.30. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Global Value Investment Corp. bought 61,670 shares of Rocky Mountain Chocolate Factory stock in a transaction that occurred on Friday, October 17th. The stock was bought at an average price of $1.59 per share, with a total value of $98,055.30. Following the purchase, the insider owned 1,923,396 shares of the company’s stock, valued at $3,058,199.64. This trade represents a 3.31% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have bought 228,830 shares of company stock worth $373,456. Insiders own 42.20% of the company’s stock.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC increased its position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,567 shares of the company’s stock after purchasing an additional 8,172 shares during the period. Salvus Wealth Management LLC owned about 0.30% of Rocky Mountain Chocolate Factory worth $37,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 50.27% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.