Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.61 and traded as high as $1.9850. Rocky Mountain Chocolate Factory shares last traded at $1.94, with a volume of 60,994 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued 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, According to MarketBeat, the stock currently has an average rating of “Sell”.

Rocky Mountain Chocolate Factory Stock Performance

The company has a current ratio of 1.53, a quick ratio of 0.91 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $15.13 million, a price-to-earnings ratio of -3.18 and a beta of 0.71. The stock has a fifty day moving average price of $1.66 and a 200-day moving average price of $1.61.

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

Insider Buying and Selling at Rocky Mountain Chocolate Factory

In other news, CEO Jeffrey Richart Geygan bought 61,670 shares of the stock in a transaction dated Friday, October 17th. The shares were acquired at an average price of $1.59 per share, with a total value of $98,055.30. Following the acquisition, the chief executive officer owned 1,744,568 shares in the company, valued at $2,773,863.12. This trade represents a 3.66% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Global Value Investment Corp. bought 61,670 shares of the company’s stock in a transaction that occurred on Friday, October 17th. The shares were purchased at an average price of $1.59 per share, with a total value of $98,055.30. Following the transaction, the insider directly owned 1,923,396 shares in the company, valued at $3,058,199.64. This represents a 3.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 228,830 shares of company stock worth $373,456 in the last 90 days. 42.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC increased its holdings in shares of Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,567 shares of the company’s stock after acquiring an additional 8,172 shares during the period. Salvus Wealth Management LLC owned about 0.30% of Rocky Mountain Chocolate Factory worth $37,000 at the end of the most recent quarter. 50.27% of the stock is currently owned by institutional investors.

Rocky Mountain Chocolate Factory Company Profile

Rocky Mountain Chocolate Factory, Inc is a specialty chocolate confectionery franchisor and manufacturer headquartered in Durango, Colorado. Established in 1981, the company develops, produces and markets a range of premium chocolate products, including truffles, caramels, toffees, fudge, nuts, dipped fruits and caramel apples. It operates company-owned retail stores as well as a franchised network, supplying handcrafted confections and related gift items through more than 300 retail locations across North America and select international markets.

From its origins as a single store in downtown Durango, Rocky Mountain Chocolate Factory introduced its first franchised outlets in the mid-1980s and completed a public offering in 1985.