Analysts at StockNews.com began coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the stock.
Shares of RMCF stock opened at $6.93 on Thursday. Rocky Mountain Chocolate Factory has a one year low of $5.48 and a one year high of $10.36. The company’s 50-day simple moving average is $6.65 and its 200-day simple moving average is $7.40. The stock has a market capitalization of $43.01 million, a price-to-earnings ratio of -115.50 and a beta of 1.13.
In other Rocky Mountain Chocolate Factory news, insider Andrew Berger acquired 10,137 shares of the company’s stock in a transaction that occurred on Tuesday, June 14th. The shares were purchased at an average price of $6.47 per share, for a total transaction of $65,586.39. Following the completion of the purchase, the insider now directly owns 10,137 shares in the company, valued at $65,586.39. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 18.60% of the stock is owned by corporate insiders.
An institutional investor recently bought a new position in Rocky Mountain Chocolate Factory stock. Ridgewood Investments LLC purchased a new stake in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF – Get Rating) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 28,480 shares of the company’s stock, valued at approximately $215,000. Ridgewood Investments LLC owned 0.46% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 36.76% of the stock is owned by institutional investors and hedge funds.
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.
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