Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Sees Significant Decline in Short Interest

Key Points

• Short interest fell 66.7% to 1,944 shares as of October 15, down from 5,840 shares at the end of September. Short interest represents approximately 0.0% of AMNF’s shares outstanding.
• Armanino Foods shares rose 0.9% to open at $12.05, near the company’s 52-week high of $12.25. The company has a market capitalization of about $369.9 million and a P/E ratio of 19.13.
• The company’s latest quarterly results exceeded expectations, with earnings of $0.18 per share versus the $0.14 consensus estimate and revenue of $21.7 million versus $21.0 million expected.

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF - Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 1,944 shares, a decline of 66.7% from the September 30th total of 5,840 shares. Based on an average trading volume of 29,616 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Armanino Foods of Distinction Trading Up 0.9%

Shares of OTCMKTS AMNF opened at $12.05 on Thursday. The company has a 50-day moving average of $11.81 and a two-hundred day moving average of $10.98. Armanino Foods of Distinction has a 1-year low of $8.75 and a 1-year high of $12.25. The company has a market cap of $369.86 million, a PE ratio of 19.13 and a beta of 0.09.

Armanino Foods of Distinction (OTCMKTS:AMNF - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.04. The firm had revenue of $21.70 million for the quarter, compared to analyst estimates of $21.00 million. Armanino Foods of Distinction had a return on equity of 46.16% and a net margin of 24.57%. As a group, equities research analysts forecast that Armanino Foods of Distinction will post 0.57 earnings per share for the current year.

Armanino Foods of Distinction Company Profile

Armanino Foods of Distinction, Inc manufactures and distributes specialty frozen Italian food products. Its offerings include pesto sauces, pasta and stuffed pasta, meatballs, Italian sauces, appetizers and other prepared foods.

The company serves a range of customers, including foodservice distributors, restaurants, supermarkets, institutional food operators and food manufacturers. Its products are marketed for retail, foodservice and industrial applications, with distribution primarily in the United States and select international markets.

Founded in 1968 and based in Hayward, California, Armanino Foods emphasizes prepared Italian foods designed to provide convenience while maintaining traditional flavors and ingredients.

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