Armanino Foods of Distinction (OTCMKTS:AMNF) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• AMNF fell below its 200-day moving average of $10.85, trading as low as $10.05 and last at $10.25 on a volume of 23,971 shares.
• Analyst consensus is "Buy" — three analysts cover the stock (one Strong Buy, one Buy, one Hold) with a consensus price target of $15.00.
• Recent quarter beat expectations: EPS $0.17 vs. $0.13 estimate and revenue $19.50M vs. $19.40M, with a market cap of $318.6M and a P/E of 17.37.

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-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.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Roth Mkm assumed coverage on shares of Armanino Foods of Distinction in a research note on Friday, January 23rd. They set a "buy" rating and a $15.00 target price for the company. Zacks Research raised shares of Armanino Foods of Distinction to a "hold" rating in a research note on Monday, January 26th. Finally, Lake Street Capital raised shares of Armanino Foods of Distinction to a "strong-buy" rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $15.00.

Armanino Foods of Distinction Trading Up 1.4%

The firm's fifty day moving average price is $10.81 and its 200-day moving average price is $10.85. The company has a market cap of $318.57 million, a P/E ratio of 17.37 and a beta of 0.12.

Armanino Foods of Distinction (OTCMKTS:AMNF - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.04. Armanino Foods of Distinction had a net margin of 24.52% and a return on equity of 48.35%. The company had revenue of $19.50 million for the quarter, compared to the consensus estimate of $19.40 million.

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.

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