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

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

Rocky Mountain Chocolate Factory Price Performance

Shares of RMCF stock opened at $1.32 on Friday. The company’s 50 day moving average price is $1.36 and its two-hundred day moving average price is $2.06. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.28 and a current ratio of 2.60. Rocky Mountain Chocolate Factory has a 52 week low of $1.12 and a 52 week high of $3.72.

Institutional Investors Weigh In On Rocky Mountain Chocolate Factory

Institutional investors and hedge funds have recently modified their holdings of the company. CacheTech Inc. bought a new stake in Rocky Mountain Chocolate Factory in the 4th quarter valued at $43,000. Wealthedge Investment Advisors LLC bought a new stake in shares of Rocky Mountain Chocolate Factory during the 4th quarter valued at $95,000. Finally, 4WEALTH Advisors Inc. acquired a new stake in Rocky Mountain Chocolate Factory during the fourth quarter worth about $225,000. 50.27% of the stock is 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.