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

Stock analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued on Thursday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Down 1.6 %

NASDAQ RMCF opened at $2.20 on Thursday. Rocky Mountain Chocolate Factory has a 52 week low of $2.20 and a 52 week high of $5.99. The firm has a 50 day moving average of $2.99 and a two-hundred day moving average of $3.73. The stock has a market capitalization of $13.93 million, a PE ratio of -3.24 and a beta of 1.01.

Institutional Trading of Rocky Mountain Chocolate Factory

A number of hedge funds and other institutional investors have recently bought and sold shares of RMCF. Leverty Financial Group LLC boosted its position in shares of Rocky Mountain Chocolate Factory by 70.5% during the 1st quarter. Leverty Financial Group LLC now owns 20,081 shares of the company’s stock worth $73,000 after acquiring an additional 8,300 shares in the last quarter. Salvus Wealth Management LLC lifted its stake in Rocky Mountain Chocolate Factory by 33.5% during the first quarter. Salvus Wealth Management LLC now owns 15,395 shares of the company’s stock worth $56,000 after purchasing an additional 3,865 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Rocky Mountain Chocolate Factory by 360.0% during the fourth quarter. International Assets Investment Management LLC now owns 14,260 shares of the company’s stock worth $66,000 after purchasing an additional 11,160 shares during the last quarter. 50.27% of the stock is currently owned by institutional investors and hedge funds.

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.