Armanino Foods of Distinction (OTCMKTS:AMNF) Shares Cross Above 50-Day Moving Average - Time to Sell?

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 50-day moving average during trading on Monday . The stock has a 50-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 traded.

Analyst Ratings Changes

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

Armanino Foods of Distinction Price Performance

The business has a 50-day moving average of $8.32 and a 200 day moving average of $7.90. The company has a market capitalization 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 results on Friday, August 8th. The company reported $0.15 EPS for the quarter. Armanino Foods of Distinction had a return on equity of 48.59% and a net margin of 23.37%. The company had revenue of $19.97 million during the quarter.

Armanino Foods of Distinction Increases Dividend

The firm also recently declared a dividend, which was paid on Sunday, July 27th. Investors of record on Tuesday, July 8th were given a $0.04 dividend. This is a boost from Armanino Foods of Distinction's previous dividend of $0.04. This represents a yield of 198.0%. The ex-dividend date was Monday, July 7th. Armanino Foods of Distinction's dividend payout ratio (DPR) 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.