Armanino Foods of Distinction (OTCMKTS:AMNF) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.76 and traded as low as $10.21. Armanino Foods of Distinction shares last traded at $10.40, with a volume of 20,734 shares changing hands.

Analyst Ratings Changes

Separately, Lake Street Capital upgraded shares of Armanino Foods of Distinction to a “strong-buy” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $15.00.

Armanino Foods of Distinction Price Performance

The stock has a 50-day moving average price of $10.30 and a 200-day moving average price of $10.76. The company has a market capitalization of $318.66 million, a price-to-earnings ratio of 16.77 and a beta of 0.08.

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.