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

Rocky Mountain Chocolate Factory (NASDAQ:RMCF) issued its quarterly earnings results on Monday. The company reported ($0.14) EPS for the quarter, Zacks reports. Rocky Mountain Chocolate Factory had a negative return on equity of 100.52% and a negative net margin of 19.84%.

Rocky Mountain Chocolate Factory Stock Performance

RMCF stock traded up $0.02 during trading on Monday, hitting $0.93. 45,486 shares of the company’s stock traded hands, compared to its average volume of 1,123,559. The stock has a market capitalization of $8.81 million, a price-to-earnings ratio of -1.53 and a beta of 0.76. Rocky Mountain Chocolate Factory has a 52 week low of $0.66 and a 52 week high of $2.99. The stock has a fifty day moving average price of $1.00 and a two-hundred day moving average price of $1.44. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 1.59.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Rocky Mountain Chocolate Factory from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, Rocky Mountain Chocolate Factory presently has an average rating of “Sell”.

About Rocky Mountain Chocolate Factory

Rocky Mountain Chocolate Factory, Inc is a confectionery company that manufactures and sells a variety of premium chocolate and other sweet products. Its offerings include chocolate-covered treats, caramel apples, fudge, truffles, clusters, brittles and other seasonal or specialty confections.

The company sells its products through a network of franchised and company-affiliated retail stores, as well as through wholesale and online channels. Its stores typically combine on-site candy production with retail sales, allowing customers to purchase freshly prepared products and packaged gifts.

Founded in 1981 and headquartered in Durango, Colorado, Rocky Mountain Chocolate Factory has expanded its brand beyond its original Colorado operations through franchising and distribution.