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) earnings per share 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 Up 2.3%

Shares of RMCF stock traded up $0.02 during mid-day trading on Monday, hitting $0.93. The stock had a trading volume of 47,458 shares, compared to its average volume of 1,123,590. Rocky Mountain Chocolate Factory has a 12-month low of $0.66 and a 12-month high of $2.99. The firm has a market capitalization of $8.81 million, a P/E ratio of -1.53 and a beta of 0.76. The firm’s 50-day moving average is $1.00 and its two-hundred day moving average is $1.44. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.13 and a quick ratio of 0.65.

Analyst Upgrades and Downgrades

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

Rocky Mountain Chocolate Factory Company Profile

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.