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

Shares of Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.33 and traded as high as $10.50. Armanino Foods of Distinction shares last traded at $10.45, with a volume of 4,671 shares.

Wall Street Analyst Weigh In

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 assigned a Hold rating to the company’s stock. According to data from MarketBeat, Armanino Foods of Distinction presently has an average rating of “Buy” and a consensus target price of $15.00.

Armanino Foods of Distinction Price Performance

The company has a 50-day moving average of $10.33 and a two-hundred day moving average of $10.88. The stock has a market capitalization of $317.02 million, a PE ratio of 16.45 and a beta of 0.08.

Armanino Foods of Distinction (OTCMKTS:AMNF) last issued its earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. Armanino Foods of Distinction had a net margin of 25.06% and a return on equity of 47.01%. On average, research analysts forecast that Armanino Foods of Distinction Inc. will post 0.61 EPS for the current fiscal 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.