Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.86 and traded as low as $9.90. Armanino Foods of Distinction shares last traded at $10.0830, with a volume of 353,014 shares traded.

Analyst Ratings Changes

Several analysts have commented on AMNF shares. Roth Mkm initiated coverage on shares of Armanino Foods of Distinction in a research report on Friday, January 23rd. They issued a “buy” rating and a $15.00 target price for the company. Lake Street Capital raised shares of Armanino Foods of Distinction to a “strong-buy” rating in a research report on Wednesday, April 8th. Finally, Zacks Research raised shares of Armanino Foods of Distinction to a “hold” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $15.00.

Armanino Foods of Distinction Trading Up 0.9%

The firm has a market cap of $318.26 million, a price-to-earnings ratio of 16.52 and a beta of 0.07. The stock has a fifty day moving average price of $10.34 and a 200 day moving average price of $10.86.

Armanino Foods of Distinction (OTCMKTS:AMNF) last announced its earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The firm had revenue of $19.50 million during the quarter, compared to analysts’ expectations of $19.40 million. Armanino Foods of Distinction had a return on equity of 49.10% and a net margin of 25.06%. On average, sell-side analysts forecast 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.