Armanino Foods of Distinction (OTCMKTS:AMNF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.33 and traded as high as $10.50. Armanino Foods of Distinction shares last traded at $10.45, with a volume of 4,671 shares trading hands.

Analyst Ratings Changes

Separately, Lake Street Capital raised shares of Armanino Foods of Distinction to a “strong-buy” rating in a research note on Wednesday, April 8th. One research 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’s stock. Based on data from MarketBeat.com, Armanino Foods of Distinction currently has a consensus rating of “Buy” and a consensus target price of $15.00.

Armanino Foods of Distinction Trading Up 0.5%

The business has a fifty day simple moving average of $10.33 and a two-hundred day simple moving average of $10.88. The company has a market cap of $324.79 million, a PE ratio of 16.85 and a beta of 0.08.

Armanino Foods of Distinction (OTCMKTS:AMNF) last announced its quarterly earnings data on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The company 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%. Equities analysts expect that Armanino Foods of Distinction Inc. will post 0.61 EPS for the current 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.