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 share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AMNF shares. Lake Street Capital upgraded shares of Armanino Foods of Distinction to a “strong-buy” rating in a report on Wednesday, April 8th. Roth Mkm began coverage on shares of Armanino Foods of Distinction in a research note on Friday, January 23rd. They set a “buy” rating and a $15.00 price objective on the stock. Finally, Zacks Research upgraded 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 assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Armanino Foods of Distinction presently has a consensus rating of “Buy” and a consensus target price of $15.00.

Armanino Foods of Distinction Price Performance

The stock’s 50-day moving average is $10.37 and its 200-day moving average is $10.86. The stock has a market cap of $313.38 million, a price-to-earnings ratio of 16.26 and a beta of 0.07.

Armanino Foods of Distinction (OTCMKTS:AMNF) last announced its quarterly earnings results 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 company had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. Analysts predict that Armanino Foods of Distinction Inc. will post 0.61 EPS 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.