Armanino Foods of Distinction (OTCMKTS:AMNF) Stock Passes Above 50-Day Moving Average - Here's Why

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $7.95 and traded as high as $8.45. Armanino Foods of Distinction shares last traded at $8.28, with a volume of 8,334 shares.

Analyst Upgrades and Downgrades

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

Armanino Foods of Distinction Stock Performance

The stock has a market capitalization of $262.79 million, a PE ratio of 16.69 and a beta of 0.14. The business's 50-day moving average price is $7.95 and its 200 day moving average price is $7.75.

Armanino Foods of Distinction (OTCMKTS:AMNF - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.12 EPS for the quarter. The business had revenue of $16.98 million during the quarter. Armanino Foods of Distinction had a return on equity of 46.98% and a net margin of 22.72%.

Armanino Foods of Distinction Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Sunday, July 27th. Stockholders of record on Tuesday, July 8th will be issued a dividend of $0.04 per share. This is a positive change from Armanino Foods of Distinction's previous dividend of $0.04. The ex-dividend date is Monday, July 7th. This represents a dividend yield of 1.98%. Armanino Foods of Distinction's payout ratio is presently 32.00%.

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.