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

Shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.64 and traded as high as $1.93. Rocky Mountain Chocolate Factory shares last traded at $1.92, with a volume of 21,672 shares.

Wall Street Analysts Forecast Growth

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

Rocky Mountain Chocolate Factory Stock Down 0.5%

The firm has a market cap of $14.98 million, a price-to-earnings ratio of -3.15 and a beta of 0.71. The stock’s 50 day moving average is $1.68 and its 200 day moving average is $1.64. The company has a quick ratio of 0.91, a current ratio of 1.53 and a debt-to-equity ratio of 1.27.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings results on Tuesday, October 14th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $6.82 million during the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 63.75% and a negative net margin of 15.77%.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other news, major shareholder Global Value Investment Corp. bought 61,670 shares of the firm’s stock in a transaction that occurred on 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 purchase, the insider directly owned 1,923,396 shares of the company’s stock, valued at $3,058,199.64. This represents a 3.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey Richart Geygan bought 61,670 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average cost of $1.59 per share, for a total transaction of $98,055.30. Following the completion of the acquisition, the chief executive officer owned 1,744,568 shares of the company’s stock, valued at $2,773,863.12. This trade represents a 3.66% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders bought 228,830 shares of company stock valued at $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 grew its stake in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.