Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.95 and traded as high as $2.32. Rocky Mountain Chocolate Factory shares last traded at $2.26, with a volume of 8,933 shares changing hands.

Rocky Mountain Chocolate Factory Stock Performance

The firm has a market capitalization of $21.09 million, a PE ratio of -4.35 and a beta of 0.68. 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 stock has a 50-day moving average price of $2.42 and a 200-day moving average price of $1.95.

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Several institutional investors and hedge funds have recently made changes to their positions in the business. Salvus Wealth Management LLC grew 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 worth $37,000 after buying an additional 8,172 shares in the last quarter. American Capital Advisory LLC acquired a new stake in Rocky Mountain Chocolate Factory in the fourth quarter valued at $134,000. Finally, DRW Securities LLC acquired a new stake in Rocky Mountain Chocolate Factory in the fourth quarter valued at $235,000. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

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.