Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Earns Hold Rating from Analysts at StockNews.com

Posted by on Jun 17th, 2023

StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a report released on Saturday. The firm set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

NASDAQ:RMCF opened at $5.40 on Friday. Rocky Mountain Chocolate Factory has a one year low of $4.77 and a one year high of $8.25. The company’s 50-day simple moving average is $5.33 and its 200 day simple moving average is $5.39. The firm has a market capitalization of $33.93 million, a P/E ratio of -5.93 and a beta of 0.96.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) last issued its earnings results on Wednesday, May 24th. The company reported ($0.08) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 5.74% and a negative net margin of 17.23%. The company had revenue of $8.15 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Renaissance Technologies LLC grew its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Rating) by 2.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 363,263 shares of the company’s stock after buying an additional 7,300 shares during the period. Renaissance Technologies LLC owned 5.81% of Rocky Mountain Chocolate Factory worth $1,925,000 at the end of the most recent quarter. 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, 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.

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