Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note released on Sunday morning. The brokerage issued a hold rating on the stock.

Rocky Mountain Chocolate Factory Stock Up 5.0 %

Shares of NASDAQ RMCF opened at $2.09 on Friday. The business’s 50 day moving average price is $2.47 and its two-hundred day moving average price is $3.42. The company has a market cap of $13.25 million, a PE ratio of -3.07 and a beta of 1.03. Rocky Mountain Chocolate Factory has a twelve month low of $1.75 and a twelve month high of $5.98.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Institutional investors have recently made changes to their positions in the company. Salvus Wealth Management LLC boosted its holdings in shares of 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 acquiring an additional 3,865 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 11,160 shares during the period. Finally, Leverty Financial Group LLC boosted its holdings in shares of Rocky Mountain Chocolate Factory by 52.0% during the second quarter. Leverty Financial Group LLC now owns 30,521 shares of the company’s stock worth $67,000 after acquiring an additional 10,440 shares during the period. Institutional investors 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.