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

Key Points

• Armanino Foods shares crossed below its 50-day moving average
• Analyst sentiment is positive with two Buy ratings and one Hold, giving a consensus "Moderate Buy" and an average price target of $15.00.
• The company beat recent quarterly estimates (EPS $0.17 vs $0.13; revenue $19.5M vs $19.4M) and reported strong profitability metrics (ROE 50.33%, net margin 24.52%).

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.09 and traded as low as $10.23. Armanino Foods of Distinction shares last traded at $10.35, with a volume of 6,705 shares.

Wall Street Analysts Forecast Growth

AMNF has been the subject of a number of analyst reports. Zacks Research raised Armanino Foods of Distinction to a "hold" rating in a report on Monday, January 26th. Lake Street Capital started coverage on Armanino Foods of Distinction in a research note on Thursday, February 26th. They issued a "buy" rating and a $15.00 target price for the company. Finally, Roth Mkm started coverage on Armanino Foods of Distinction in a research note on Friday, January 23rd. They issued a "buy" rating and a $15.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.00.

Armanino Foods of Distinction Stock Down 1.3%

The stock has a market capitalization of $321.66 million, a price-to-earnings ratio of 17.54 and a beta of 0.12. The company has a 50 day moving average of $11.09 and a 200 day moving average of $10.84.

Armanino Foods of Distinction (OTCMKTS:AMNF - Get Free Report) last released its earnings results on Thursday, March 19th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.13 by $0.04. The firm had revenue of $19.50 million during the quarter, compared to analyst estimates of $19.40 million. Armanino Foods of Distinction had a return on equity of 50.33% and a net margin of 24.52%.

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.

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