Rocky Mountain Chocolate Factory (NASDAQ:RMCF) Share Price Passes Above 50-Day Moving Average of $9.16

Rocky Mountain Chocolate Factory, Inc. (NASDAQ:RMCF) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.16 and traded as high as $8.34. Rocky Mountain Chocolate Factory shares last traded at $8.34, with a volume of 4,409 shares traded.

Separately, TheStreet cut shares of Rocky Mountain Chocolate Factory from a “b-” rating to a “c+” rating in a research report on Tuesday, June 11th.

The company has a 50-day simple moving average of $9.14. The stock has a market capitalization of $50.06 million, a P/E ratio of 17.98 and a beta of 0.57.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Tuesday, June 4th were given a $0.12 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.48 annualized dividend and a yield of 5.71%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Seizert Capital Partners LLC bought a new stake in Rocky Mountain Chocolate Factory in the 1st quarter valued at $232,000. BlackRock Inc. lifted its position in Rocky Mountain Chocolate Factory by 35.0% in the 4th quarter. BlackRock Inc. now owns 29,922 shares of the company’s stock valued at $255,000 after acquiring an additional 7,757 shares in the last quarter. Cardinal Capital Management lifted its position in Rocky Mountain Chocolate Factory by 4.5% in the 1st quarter. Cardinal Capital Management now owns 49,705 shares of the company’s stock valued at $448,000 after acquiring an additional 2,137 shares in the last quarter. Steinberg Global Asset Management bought a new stake in Rocky Mountain Chocolate Factory in the 1st quarter valued at $975,000. Finally, North Star Investment Management Corp. lifted its position in Rocky Mountain Chocolate Factory by 0.8% in the 1st quarter. North Star Investment Management Corp. now owns 201,350 shares of the company’s stock valued at $1,816,000 after acquiring an additional 1,550 shares in the last quarter. 46.19% of the stock is currently owned by institutional investors and hedge funds.

About Rocky Mountain Chocolate Factory (NASDAQ:RMCF)

Rocky Mountain Chocolate Factory, Inc, together with its subsidiaries, operates as a confectionery franchisor, manufacturer, and retail operator. It operates through five segments: Franchising, Manufacturing, Retail Stores, U-Swirl Operations, and Other. The company produces approximately 700 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.

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