Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

Rocky Mountain Chocolate Factory Price Performance

RMCF stock opened at $1.27 on Monday. The stock’s 50 day moving average is $1.33 and its two-hundred day moving average is $2.03. Rocky Mountain Chocolate Factory has a 52-week low of $1.12 and a 52-week high of $3.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RMCF. CacheTech Inc. acquired a new stake in shares of Rocky Mountain Chocolate Factory in the 4th quarter valued at about $43,000. Allworth Financial LP bought a new stake in Rocky Mountain Chocolate Factory in the first quarter valued at about $32,000. Wealthedge Investment Advisors LLC acquired a new stake in Rocky Mountain Chocolate Factory during the fourth quarter valued at approximately $95,000. Finally, 4WEALTH Advisors Inc. bought a new position in Rocky Mountain Chocolate Factory during the 4th quarter worth approximately $225,000. 50.27% of the stock is currently owned by institutional investors.

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 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.