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

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

Rocky Mountain Chocolate Factory Stock Performance

Shares of Rocky Mountain Chocolate Factory stock traded down $0.06 during trading on Tuesday, hitting $2.63. The stock had a trading volume of 42,567 shares, compared to its average volume of 18,573. The stock has a 50 day simple moving average of $2.66 and a 200 day simple moving average of $2.24. Rocky Mountain Chocolate Factory has a 1 year low of $1.50 and a 1 year high of $4.74.

Insider Transactions at Rocky Mountain Chocolate Factory

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

Wall Street Analysts Forecast Growth

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

About Rocky Mountain Chocolate Factory

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.