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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.98 and traded as high as $2.24. Rocky Mountain Chocolate Factory shares last traded at $2.16, with a volume of 14,966 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocky Mountain Chocolate Factory in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Stock Down 2.7%

The stock has a market capitalization of $20.15 million, a price-to-earnings ratio of -4.15 and a beta of 0.72. The business’s 50-day moving average is $2.44 and its two-hundred day moving average is $1.98. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data 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

A number of institutional investors have recently added to or reduced their stakes in RMCF. DRW Securities LLC acquired a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth $235,000. American Capital Advisory LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth $134,000. Finally, Salvus Wealth Management LLC raised its holdings in shares of Rocky Mountain Chocolate Factory by 53.1% during the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after acquiring an additional 8,172 shares during the period. 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.