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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.92 and traded as high as $2.57. Rocky Mountain Chocolate Factory shares last traded at $2.5150, with a volume of 9,260 shares.

Rocky Mountain Chocolate Factory Stock Performance

The company has a debt-to-equity ratio of 1.29, a current ratio of 1.66 and a quick ratio of 0.93. The company’s fifty day moving average price is $2.39 and its 200 day moving average price is $1.92. The company has a market cap of $23.46 million, a PE ratio of -4.84 and a beta of 0.68.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share 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 for the quarter.

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

A number of hedge funds and other institutional investors have recently modified their holdings of RMCF. Salvus Wealth Management LLC increased its position in shares of Rocky Mountain Chocolate Factory by 53.1% during the third quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after acquiring an additional 8,172 shares during the last quarter. DRW Securities LLC bought a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth $235,000. Finally, American Capital Advisory LLC purchased a new position in Rocky Mountain Chocolate Factory in the fourth quarter worth $134,000. Hedge funds and other 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.