Insider Selling: Rocky Mountain Chocolate Factory VP Sells 1,500 Shares of Stock (RMCF)
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) VP M Kinney Jeremy unloaded 1,500 shares of the stock on the open market in a transaction dated Monday, February 3rd. The stock was sold at an average price of $11.78, for a total value of $17,670.00. Following the sale, the vice president now directly owns 29,088 shares of the company’s stock, valued at approximately $342,657. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF) remained flat at $11.65 during trading on Monday. The stock had a trading volume of 83,739 shares. Rocky Mountain Chocolate Factory has a 52-week low of $11.09 and a 52-week high of $13.98. The stock has a 50-day moving average of $11.78 and a 200-day moving average of $12.47. The company has a market cap of $71.2 million and a P/E ratio of 24.63.
Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its earnings data on Tuesday, January 21st. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.05. The company had revenue of $9.30 million for the quarter, compared to the consensus estimate of $9.67 million. Analysts expect that Rocky Mountain Chocolate Factory will post $0.63 EPS for the current fiscal year.
Separately, analysts at Thomson Reuters/Verus upgraded shares of Rocky Mountain Chocolate Factory from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 24th.
Rocky Mountain Chocolate Factory, Inc is an international franchisor and confectionery manufacturer. The Company is engaged in the manufacture of a range of chocolate candies and other confectionery products.
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