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

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.88 and traded as high as $2.48. Rocky Mountain Chocolate Factory shares last traded at $2.42, with a volume of 21,015 shares.

Rocky Mountain Chocolate Factory Stock Down 1.2%

The firm has a 50 day simple moving average of $2.32 and a two-hundred day simple moving average of $1.88. 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 market cap of $22.58 million, a price-to-earnings ratio of -4.65 and a beta of 0.68.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RMCF. DRW Securities LLC bought a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth about $235,000. American Capital Advisory LLC bought a new position in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at about $134,000. Finally, Salvus Wealth Management LLC grew its position in shares of Rocky Mountain Chocolate Factory by 53.1% in the 3rd quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock valued at $37,000 after purchasing an additional 8,172 shares during the period. 50.27% of the stock is owned by institutional investors and hedge funds.

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.