StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Free Report) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the stock.
Rocky Mountain Chocolate Factory Trading Down 1.3 %
Shares of RMCF stock opened at $2.20 on Thursday. The company’s fifty day simple moving average is $2.99 and its 200-day simple moving average is $3.72. Rocky Mountain Chocolate Factory has a 52 week low of $2.20 and a 52 week high of $5.99. The company has a market cap of $13.93 million, a PE ratio of -3.24 and a beta of 1.01.
Hedge Funds Weigh In On Rocky Mountain Chocolate Factory
Several large investors have recently bought and sold shares of RMCF. Leverty Financial Group LLC acquired a new position in shares of Rocky Mountain Chocolate Factory in the 4th quarter worth approximately $54,000. Salvus Wealth Management LLC acquired a new position in shares of Rocky Mountain Chocolate Factory in the fourth quarter worth about $53,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Rocky Mountain Chocolate Factory by 360.0% in the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after buying an additional 11,160 shares during the period. Institutional investors and hedge funds own 50.27% of the company’s stock.
About Rocky Mountain Chocolate Factory
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.
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