Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $11.50 and traded as high as $12.05. Armanino Foods of Distinction shares last traded at $12.0438, with a volume of 10,545 shares changing hands.

Armanino Foods of Distinction Price Performance

The firm has a 50 day moving average of $11.53 and a two-hundred day moving average of $10.74. The stock has a market cap of $368.28 million, a PE ratio of 19.05 and a beta of 0.09.

Armanino Foods of Distinction (OTCMKTS:AMNF) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.04. Armanino Foods of Distinction had a return on equity of 46.16% and a net margin of 24.57%.The business had revenue of $21.70 million during the quarter, compared to the consensus estimate of $21.00 million. As a group, equities analysts anticipate that Armanino Foods of Distinction Inc. will post 0.57 EPS for the current fiscal year.

About Armanino Foods of Distinction

Armanino Foods of Distinction, Inc is a specialty food manufacturer based in California. The company produces and distributes prepared Italian and Italian-inspired food products for commercial and consumer markets.

Its product portfolio includes pesto, pasta, pasta sauces, meatballs, and other specialty foods and appetizers. Armanino’s products are sold through foodservice, retail, and industrial channels, serving restaurants, institutions, food manufacturers, and grocery customers.

The company has operated in the specialty food industry for decades and markets its products in the United States and select international markets.