Analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.
Rocky Mountain Chocolate Factory Stock Down 0.8 %
Shares of RMCF opened at $3.54 on Wednesday. The company has a market capitalization of $22.36 million, a P/E ratio of -5.21 and a beta of 1.06. The firm has a 50 day moving average of $3.83 and a 200 day moving average of $4.14. Rocky Mountain Chocolate Factory has a twelve month low of $3.45 and a twelve month high of $5.99.
Insider Buying and Selling
In related news, major shareholder Global Value Investment Corp. bought 74,841 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were bought at an average price of $4.09 per share, for a total transaction of $306,099.69. Following the completion of the acquisition, the insider now owns 1,020,004 shares of the company’s stock, valued at approximately $4,171,816.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Jeffrey Richart Geygan bought 21,763 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average price of $4.10 per share, for a total transaction of $89,228.30. Following the completion of the acquisition, the director now owns 1,049,109 shares of the company’s stock, valued at approximately $4,301,346.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Global Value Investment Corp. bought 74,841 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The stock was bought at an average price of $4.09 per share, for a total transaction of $306,099.69. Following the acquisition, the insider now directly owns 1,020,004 shares of the company’s stock, valued at approximately $4,171,816.36. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 113,959 shares of company stock worth $466,521. 14.87% of the stock is owned by insiders.
Institutional Inflows and Outflows
Rocky Mountain Chocolate Factory Company Profile
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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