Investment analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the stock.
RMCF stock opened at $7.14 on Wednesday. The stock has a market capitalization of $44.32 million, a P/E ratio of -119.00 and a beta of 1.13. The firm has a 50-day simple moving average of $6.64 and a 200-day simple moving average of $7.44. Rocky Mountain Chocolate Factory has a 52 week low of $5.48 and a 52 week high of $10.36.
In other Rocky Mountain Chocolate Factory news, insider Andrew Berger purchased 5,000 shares of the stock in a transaction that occurred on Thursday, June 16th. The shares were purchased at an average cost of $6.84 per share, for a total transaction of $34,200.00. Following the completion of the transaction, the insider now owns 17,658 shares of the company’s stock, valued at approximately $120,780.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.60% of the company’s stock.
Rocky Mountain Chocolate Factory Company Profile (Get Rating)
Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. 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.
- Get a free copy of the StockNews.com research report on Rocky Mountain Chocolate Factory (RMCF)
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