Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Passes Below 200 Day Moving Average – Time to Sell?

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.86 and traded as low as $10.09. Armanino Foods of Distinction shares last traded at $10.12, with a volume of 29,443 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital upgraded shares of Armanino Foods of Distinction to a “strong-buy” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company 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 capitalization of $310.08 million, a PE ratio of 16.32 and a beta of 0.08. The stock has a 50-day simple moving average of $10.29 and a 200 day simple moving average of $10.86.

Armanino Foods of Distinction (OTCMKTS:AMNF) last announced its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. The business had revenue of $19.50 million during the quarter, compared to analysts’ expectations of $19.40 million. Armanino Foods of Distinction had a return on equity of 47.01% and a net margin of 25.06%. As a group, research analysts predict that Armanino Foods of Distinction Inc. will post 0.61 EPS for the current fiscal 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.