Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Armanino Foods of Distinction (OTCMKTS:AMNF) shares have surpassed their 50-day moving average of $8.22, reaching a trading high of $9.01.
• Wall Street analysts have upgraded the stock to a "buy" rating, indicating potential for future growth.
• The company reported a net margin of 23.37% and increased its dividend to $0.04, reflecting a high dividend yield of 198.0%.

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $8.22 and traded as high as $9.01. Armanino Foods of Distinction shares last traded at $9.00, with a volume of 11,702 shares trading hands.

Analyst Ratings Changes

Separately, Wall Street Zen raised Armanino Foods of Distinction to a "buy" rating in a research note on Friday, June 20th.

Armanino Foods of Distinction Stock Down 1.1%

The stock has a 50-day simple moving average of $8.29 and a two-hundred day simple moving average of $7.89. The firm has a market cap of $289.23 million, a PE ratio of 17.55 and a beta of 0.18.

Armanino Foods of Distinction (OTCMKTS:AMNF - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The company reported $0.15 earnings per share (EPS) for the quarter. Armanino Foods of Distinction had a return on equity of 48.59% and a net margin of 23.37%. The firm had revenue of $19.97 million for the quarter.

Armanino Foods of Distinction Increases Dividend

The company also recently disclosed a dividend, which was paid on Sunday, July 27th. Shareholders of record on Tuesday, July 8th were given a dividend of $0.04 per share. This represents a yield of 198.0%. The ex-dividend date of this dividend was Monday, July 7th. This is a positive change from Armanino Foods of Distinction's previous dividend of $0.04. Armanino Foods of Distinction's payout ratio is presently 30.19%.

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.