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

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $10.32 and traded as high as $10.9575. Armanino Foods of Distinction shares last traded at $10.80, with a volume of 1,065,448 shares trading hands.

Wall Street Analyst Weigh In

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

Armanino Foods of Distinction Trading Up 5.5%

The company has a market capitalization of $335.66 million, a price-to-earnings ratio of 17.42 and a beta of 0.07. The stock’s fifty day simple moving average is $10.32 and its 200-day simple moving average is $10.87.

Armanino Foods of Distinction (OTCMKTS:AMNF) last released its earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company 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 49.10%. On average, analysts anticipate 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.