Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Announces Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) announced its earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ RMCF traded down $0.06 during trading hours on Tuesday, hitting $2.63. The company’s stock had a trading volume of 41,811 shares, compared to its average volume of 18,375. The company’s 50-day simple moving average is $2.66 and its two-hundred day simple moving average is $2.24. Rocky Mountain Chocolate Factory has a 52 week low of $1.50 and a 52 week high of $4.74.

Insider Transactions at Rocky Mountain Chocolate Factory

In other news, CEO Jeffrey Richart Geygan acquired 11,935 shares of Rocky Mountain Chocolate Factory stock in a transaction on Thursday, October 24th. The stock was acquired at an average cost of $2.60 per share, with a total value of $31,031.00. Following the transaction, the chief executive officer now owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. This trade represents a 7.61 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Global Value Investment Corp. bought 23,700 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was acquired at an average price of $2.14 per share, for a total transaction of $50,718.00. Following the purchase, the insider now directly owns 1,251,483 shares in the company, valued at approximately $2,678,173.62. The trade was a 1.93 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 424,094 shares of company stock valued at $1,137,016 over the last ninety days. 20.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory in a research report on Monday. They set a “hold” rating for the company.

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.