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

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.85 and traded as low as $10.05. Armanino Foods of Distinction shares last traded at $10.25, with a volume of 23,971 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMNF shares. Zacks Research upgraded shares of Armanino Foods of Distinction to a “hold” rating in a research report on Monday, January 26th. Lake Street Capital upgraded shares of Armanino Foods of Distinction to a “strong-buy” rating in a report on Wednesday, April 8th. Finally, Roth Mkm assumed coverage on shares of Armanino Foods of Distinction in a research note on Friday, January 23rd. They issued a “buy” rating and a $15.00 price objective for the company. One 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $15.00.

Armanino Foods of Distinction Stock Performance

The firm has a market cap of $318.55 million, a price-to-earnings ratio of 17.37 and a beta of 0.12. The business’s 50 day moving average price is $10.81 and its 200 day moving average price is $10.86.

Armanino Foods of Distinction (OTCMKTS:AMNF) last announced 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 firm had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. Armanino Foods of Distinction had a return on equity of 48.35% and a net margin of 24.52%.

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.