Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued to investors on Sunday. The firm issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Up 5.1 %

Shares of RMCF opened at $1.34 on Friday. The stock’s fifty day moving average is $1.35 and its 200-day moving average is $2.05. Rocky Mountain Chocolate Factory has a one year low of $1.12 and a one year high of $3.72. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.60 and a quick ratio of 1.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wealthedge Investment Advisors LLC bought a new position in Rocky Mountain Chocolate Factory during the 4th quarter valued at $95,000. 4WEALTH Advisors Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory in the fourth quarter valued at $225,000. Finally, CacheTech Inc. acquired a new position in Rocky Mountain Chocolate Factory during the fourth quarter worth about $43,000. 50.27% of the stock is currently owned by institutional investors.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through Franchising, Manufacturing, Retail Stores, and Other segments. The company produces approximately 400 chocolate candies and other confectionery products, including clusters, caramels, creams, toffees, mints, and truffles; and offers 15 varieties of caramel apples and other products that are prepared in individual stores, as well as provides ice cream, coffee, and other sundries.