Armanino Foods of Distinction (OTCMKTS:AMNF) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.86 and traded as low as $10.09. Armanino Foods of Distinction shares last traded at $10.12, with a volume of 29,443 shares traded.

Analyst Ratings Changes

Separately, Lake Street Capital upgraded shares of Armanino Foods of Distinction to a “strong-buy” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $15.00.

Armanino Foods of Distinction Stock Performance

The company has a market capitalization of $310.08 million, a PE ratio of 16.32 and a beta of 0.08. The company has a fifty day simple moving average of $10.29 and a 200-day simple moving average of $10.86.

Armanino Foods of Distinction (OTCMKTS:AMNF) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.13 by $0.04. The business had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. Armanino Foods of Distinction had a return on equity of 47.01% and a net margin of 25.06%. On average, equities analysts predict that Armanino Foods of Distinction Inc. will post 0.61 EPS for the current fiscal year.

Armanino Foods of Distinction Company Profile

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.