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:RMCFGet 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

A hedge fund recently bought a new stake in Rocky Mountain Chocolate Factory stock. Citadel Advisors LLC acquired a new position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCFGet Rating) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,403 shares of the company’s stock, valued at approximately $62,000. Citadel Advisors LLC owned approximately 0.17% of Rocky Mountain Chocolate Factory at the end of the most recent quarter. 44.47% of the stock is owned by institutional investors.

About Rocky Mountain Chocolate Factory

(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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