Armanino Foods of Distinction (OTCMKTS:AMNF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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 traded.

Analyst Ratings Changes

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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $15.00.

Armanino Foods of Distinction Stock Performance

The firm has a market cap of $324.79 million, a price-to-earnings ratio of 16.85 and a beta of 0.08. The business’s 50 day moving average price is $10.33 and its 200 day moving average price is $10.88.

Armanino Foods of Distinction (OTCMKTS:AMNF) last issued its quarterly earnings data on Thursday, March 19th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $19.50 million for the quarter, compared to analysts’ expectations of $19.40 million. Armanino Foods of Distinction had a net margin of 25.06% and a return on equity of 47.01%. Sell-side analysts anticipate that Armanino Foods of Distinction Inc. will post 0.61 earnings per share 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.