Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.72 and traded as high as $2.48. Rocky Mountain Chocolate Factory shares last traded at $2.44, with a volume of 34,156 shares changing hands.

Wall Street Analyst Weigh In

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

Rocky Mountain Chocolate Factory Trading Up 2.1%

The company’s 50-day moving average is $1.89 and its 200-day moving average is $1.72. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.93 and a current ratio of 1.66. The firm has a market cap of $22.77 million, a price-to-earnings ratio of -4.69 and a beta of 0.73.

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) last announced its earnings results on Tuesday, January 13th. The company reported ($0.02) earnings per share for the quarter. Rocky Mountain Chocolate Factory had a negative return on equity of 62.48% and a negative net margin of 13.62%.The company had revenue of $7.54 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Rocky Mountain Chocolate Factory stock. Salvus Wealth Management LLC raised its position in Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) by 53.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 23,567 shares of the company’s stock after buying an additional 8,172 shares during the period. Salvus Wealth Management LLC owned about 0.30% of Rocky Mountain Chocolate Factory worth $37,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 50.27% of the company’s stock.

About Rocky Mountain Chocolate Factory

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.