Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.68 and traded as high as $2.12. Rocky Mountain Chocolate Factory shares last traded at $2.03, with a volume of 14,336 shares traded.

Wall Street Analyst Weigh In

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

Rocky Mountain Chocolate Factory Trading Down 3.3%

The company has a market cap of $18.94 million, a price-to-earnings ratio of -3.90 and a beta of 0.71. The company’s 50 day moving average price is $1.76 and its 200 day moving average price is $1.68. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 1.66.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last posted its earnings results on Tuesday, January 13th. The company reported ($0.02) EPS for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.The business had revenue of $7.54 million for the quarter.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC grew its position in 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 & Exchange Commission. The firm owned 23,567 shares of the company’s stock after purchasing an additional 8,172 shares during the quarter. Salvus Wealth Management LLC owned approximately 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent SEC filing. 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.