Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $10.32 and traded as high as $10.9575. Armanino Foods of Distinction shares last traded at $10.80, with a volume of 1,065,448 shares.

Analyst Upgrades and Downgrades

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

Armanino Foods of Distinction Trading Up 5.5%

The stock’s fifty day moving average price is $10.32 and its two-hundred day moving average price is $10.87. The firm has a market capitalization of $335.66 million, a price-to-earnings ratio of 17.42 and a beta of 0.07.

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. Armanino Foods of Distinction had a net margin of 25.06% and a return on equity of 49.10%. The business had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. Analysts anticipate that Armanino Foods of Distinction Inc. will post 0.61 earnings per share for the current fiscal year.

About Armanino Foods of Distinction

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.