Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Releases Quarterly Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) posted its earnings results on Tuesday. The company reported ($0.11) EPS for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative return on equity of 44.56% and a negative net margin of 17.05%.

Rocky Mountain Chocolate Factory Stock Down 2.2 %

RMCF opened at $2.63 on Wednesday. The firm’s fifty day moving average price is $2.66 and its 200 day moving average price is $2.25. Rocky Mountain Chocolate Factory has a 12-month low of $1.50 and a 12-month high of $4.74.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Rocky Mountain Chocolate Factory in a research note on Monday. They set a “hold” rating for the company.

Insider Transactions at Rocky Mountain Chocolate Factory

In other Rocky Mountain Chocolate Factory news, CEO Jeffrey Richart Geygan bought 11,935 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were purchased at an average price of $2.60 per share, with a total value of $31,031.00. Following the completion of the acquisition, the chief executive officer now directly owns 168,719 shares of the company’s stock, valued at approximately $438,669.40. The trade was a 7.61 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Global Value Investment Corp. bought 23,700 shares of the stock in a transaction dated Friday, October 18th. The shares were bought at an average cost of $2.14 per share, with a total value of $50,718.00. Following the completion of the acquisition, the insider now directly owns 1,251,483 shares of the company’s stock, valued at approximately $2,678,173.62. The trade was a 1.93 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 424,094 shares of company stock valued at $1,137,016. Insiders own 20.80% of the company’s stock.

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.