Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.80 and traded as low as $10.24. Armanino Foods of Distinction shares last traded at $10.24, with a volume of 55,946 shares traded.

Analyst Ratings Changes

Separately, Lake Street Capital raised 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 given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Armanino Foods of Distinction presently has a consensus rating of “Buy” and a consensus target price of $15.00.

Armanino Foods of Distinction Price Performance

The stock’s 50-day moving average is $10.28 and its two-hundred day moving average is $10.80. The stock has a market cap of $313.75 million, a P/E ratio of 16.52 and a beta of 0.08.

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.