Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Announces Earnings Results

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) posted its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative net margin of 15.77% and a negative return on equity of 63.75%.

Rocky Mountain Chocolate Factory Stock Performance

Shares of RMCF traded up $0.11 on Tuesday, reaching $2.11. 98,859 shares of the company’s stock traded hands, compared to its average volume of 51,770. The stock has a market cap of $16.42 million, a PE ratio of -3.45 and a beta of 0.71. Rocky Mountain Chocolate Factory has a 52-week low of $1.12 and a 52-week high of $2.71. 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 stock’s 50 day simple moving average is $1.70 and its two-hundred day simple moving average is $1.66.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Rocky Mountain Chocolate Factory

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