Armanino Foods of Distinction (OTCMKTS:AMNF) Stock 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 Monday . The stock has a 200-day moving average of $10.86 and traded as low as $10.07. Armanino Foods of Distinction shares last traded at $10.14, with a volume of 20,968 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AMNF shares. Zacks Research upgraded Armanino Foods of Distinction to a “hold” rating in a research report on Monday, January 26th. Lake Street Capital raised Armanino Foods of Distinction to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Roth Mkm assumed coverage on Armanino Foods of Distinction in a report on Friday, January 23rd. They set a “buy” rating and a $15.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Armanino Foods of Distinction presently has an average rating of “Buy” and an average price target of $15.00.

Armanino Foods of Distinction Price Performance

The company has a market cap of $315.15 million, a P/E ratio of 17.19 and a beta of 0.07. The company has a fifty day simple moving average of $10.58 and a 200-day simple moving average of $10.86.

Armanino Foods of Distinction (OTCMKTS:AMNF) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $19.50 million for the quarter, compared to analysts’ expectations of $19.40 million. Armanino Foods of Distinction had a return on equity of 48.35% and a net margin of 24.52%. On average, analysts anticipate that Armanino Foods of Distinction Inc. will post 0.58 EPS for the current 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.