Equities research analysts at StockNews.com assumed coverage on shares of Rocky Mountain Chocolate Factory (NASDAQ:RMCF – Get Free Report) in a research note issued on Tuesday. The brokerage set a “hold” rating on the stock.
Rocky Mountain Chocolate Factory Stock Performance
Shares of RMCF stock opened at $3.51 on Tuesday. Rocky Mountain Chocolate Factory has a one year low of $3.45 and a one year high of $5.99. The company’s 50-day moving average is $3.88 and its 200 day moving average is $4.18. The company has a market capitalization of $22.18 million, a price-to-earnings ratio of -5.16 and a beta of 1.06.
Insider Activity at Rocky Mountain Chocolate Factory
In related news, major shareholder Global Value Investment Corp. purchased 10,650 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $4.09 per share, with a total value of $43,558.50. Following the acquisition, the insider now directly owns 1,065,878 shares in the company, valued at approximately $4,359,441.02. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, major shareholder Global Value Investment Corp. purchased 10,650 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $4.09 per share, with a total value of $43,558.50. Following the acquisition, the insider now directly owns 1,065,878 shares in the company, valued at approximately $4,359,441.02. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey Richart Geygan purchased 21,763 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were bought at an average cost of $4.10 per share, for a total transaction of $89,228.30. Following the acquisition, the director now owns 1,049,109 shares in the company, valued at $4,301,346.90. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 113,959 shares of company stock valued at $466,521. 14.87% of the stock is owned by insiders.
Hedge Funds Weigh In On 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 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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