Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Stock Passes Above 200 Day Moving Average – Time to Sell?

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.72 and traded as high as $2.48. Rocky Mountain Chocolate Factory shares last traded at $2.44, with a volume of 34,156 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated 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, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Price Performance

The company has a market cap of $22.77 million, a price-to-earnings ratio of -4.69 and a beta of 0.73. The company has a current ratio of 1.66, a quick ratio of 0.93 and a debt-to-equity ratio of 1.29. The company has a fifty day moving average price of $1.89 and a two-hundred day moving average price of $1.72.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last issued 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 firm had revenue of $7.54 million during the quarter.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC raised its stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,567 shares of the company’s stock after acquiring 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. Institutional investors 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.