Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.95 and traded as high as $2.32. Rocky Mountain Chocolate Factory shares last traded at $2.26, with a volume of 8,933 shares traded.

Rocky Mountain Chocolate Factory Price Performance

The company has a 50 day simple moving average of $2.42 and a 200-day simple moving average of $1.95. The stock has a market cap of $21.09 million, a price-to-earnings ratio of -4.35 and a beta of 0.68. The company has a quick ratio of 0.93, a current ratio of 1.66 and a debt-to-equity ratio of 1.29.

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

Hedge Funds Weigh In On Rocky Mountain Chocolate Factory

Large investors have recently added to or reduced their stakes in the company. DRW Securities LLC acquired a new position in Rocky Mountain Chocolate Factory in the fourth quarter worth $235,000. American Capital Advisory LLC acquired a new stake in shares of Rocky Mountain Chocolate Factory during the fourth quarter worth $134,000. Finally, Salvus Wealth Management LLC raised its holdings in shares of Rocky Mountain Chocolate Factory by 53.1% during the third quarter. Salvus Wealth Management LLC now owns 23,567 shares of the company’s stock worth $37,000 after purchasing an additional 8,172 shares during the period. 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.