Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Now Covered by Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Stock Performance

NASDAQ RMCF opened at $5.22 on Thursday. Rocky Mountain Chocolate Factory has a 52-week low of $4.77 and a 52-week high of $8.25. The company has a fifty day moving average of $5.15 and a 200-day moving average of $5.73. The company has a market capitalization of $32.63 million, a P/E ratio of -9.00 and a beta of 0.95.

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Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) last released its quarterly earnings results on Thursday, January 12th. The company reported $0.10 earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 0.08% and a negative net margin of 10.89%. The business had revenue of $9.48 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Citadel Advisors LLC bought a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Rating) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 10,403 shares of the company’s stock, valued at approximately $62,000. Citadel Advisors LLC owned 0.17% of Rocky Mountain Chocolate Factory as of its most recent SEC filing. Institutional investors own 53.41% of the company’s stock.

Rocky Mountain Chocolate Factory Company Profile

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Rocky Mountain Chocolate Factory, Inc is an international franchiser of gourmet chocolate, confection, and self-serve frozen yogurt stores and a manufacturer of an extensive line of premium chocolates and other confectionery products. The firm and its subsidiaries, franchisees, and licensees currently operate over 315 Rocky Mountain Chocolate Factory and self-serve frozen yogurt stores across the United States, Qatar, the Republic of Panama, and the Republic of the Philippines. �The company was founded in 1981 and is headquartered in Durango, CO.

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