Equities research analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Rating) in a note issued to investors on Monday. The firm set a “hold” rating on the stock.
Rocky Mountain Chocolate Factory Price Performance
NASDAQ RMCF opened at $6.39 on Monday. The company has a 50 day simple moving average of $6.32 and a 200-day simple moving average of $6.59. Rocky Mountain Chocolate Factory has a 52-week low of $5.48 and a 52-week high of $9.50. The firm has a market capitalization of $39.87 million, a price-to-earnings ratio of -8.09 and a beta of 1.00.
Insider Buying and Selling at Rocky Mountain Chocolate Factory
In other news, Director Jeffrey Richart Geygan acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 17th. The stock was acquired at an average cost of $5.98 per share, for a total transaction of $59,800.00. Following the completion of the acquisition, the director now owns 532,648 shares in the company, valued at $3,185,235.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders purchased 65,550 shares of company stock valued at $428,140 in the last quarter. Company insiders own 18.60% of the company’s stock.
Institutional Trading of Rocky Mountain Chocolate Factory
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 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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