Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.55 and traded as high as $1.7385. Rocky Mountain Chocolate Factory shares last traded at $1.70, with a volume of 16,196 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Rocky Mountain Chocolate Factory in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Rocky Mountain Chocolate Factory Stock Performance

The firm has a 50 day moving average of $1.65 and a two-hundred day moving average of $1.55. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.53 and a quick ratio of 0.91. The stock has a market cap of $13.26 million, a PE ratio of -2.79 and a beta of 1.12.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last released its quarterly earnings data on Tuesday, October 14th. The company reported ($0.09) earnings per share for the quarter. The company had revenue of $6.82 million for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 63.75% and a negative net margin of 15.77%.

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other news, major shareholder Global Value Investment Corp. acquired 61,670 shares of the company’s stock in a transaction on Friday, October 17th. The shares were bought at an average price of $1.59 per share, with a total value of $98,055.30. Following the completion of the acquisition, the insider owned 1,923,396 shares in the company, valued at $3,058,199.64. This trade represents a 3.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey Richart Geygan bought 61,670 shares of the business’s stock in a transaction dated Friday, October 17th. The shares were purchased at an average price of $1.59 per share, for a total transaction of $98,055.30. Following the transaction, the chief executive officer directly owned 1,744,568 shares of the company’s stock, valued at approximately $2,773,863.12. This represents a 3.66% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 228,830 shares of company stock worth $373,456 over the last quarter. 42.20% of the stock is owned by company insiders.

Institutional Trading of Rocky Mountain Chocolate Factory

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC boosted its position in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,567 shares of the company’s stock after buying an additional 8,172 shares during the period. Salvus Wealth Management LLC owned 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent SEC filing. 50.27% of the stock is currently owned by hedge funds and other institutional investors.

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.